Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity

22 Pages Posted: 28 Sep 2010

See all articles by Alexander Alexiev

Alexander Alexiev

VU University Amsterdam - Department of Management and Organisation

Justin J. P. Jansen

Rotterdam School of Management

Frans A. J. Van Den Bosch

Erasmus University Rotterdam (EUR) - Department of Strategic Management and Entrepreneurship; Erasmus Research Institute of Management (ERIM)

H. W. Volberda

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM); Erasmus Research Institute of Management (ERIM)

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Abstract

Research on strategic decision making has considered advice-seeking behaviour as an important top management team attribute that influences organizational outcomes. Yet, our understanding about how top management teams utilize advice to modify current strategies and pursue exploratory innovation is still unclear. To uncover the importance of advice seeking, we delineate between external and internal advice seeking and investigate their impact on exploratory innovation. We also argue that top management team heterogeneity moderates the impact of advice seeking on exploratory innovation. Findings indicated that both external and internal advice seeking are important determinants of a firm's exploratory innovation. In addition, we observed that top management team heterogeneity facilitates firms to act upon internal advice by combining different perspectives and developing new products and services. Interestingly, heterogeneous top management teams appeared to be less effective to leverage external advice and pursue exploratory innovation.

Suggested Citation

Alexiev, Alexander and Jansen, Justin J. P. and Van Den Bosch, Frans A. J. and Volberda, Henk W., Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity. Journal of Management Studies, Vol. 47, Issue 7, pp. 1343-1364, November 2010. Available at SSRN: https://ssrn.com/abstract=1683704 or http://dx.doi.org/10.1111/j.1467-6486.2010.00919.x

Alexander Alexiev (Contact Author)

VU University Amsterdam - Department of Management and Organisation ( email )

Netherlands

Justin J. P. Jansen

Rotterdam School of Management ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands
+31 10 408 97 82 (Phone)
+31 10 408 90 13 (Fax)

HOME PAGE: http://www.rsm.nl/jjansen

Frans A. J. Van Den Bosch

Erasmus University Rotterdam (EUR) - Department of Strategic Management and Entrepreneurship ( email )

RSM Erasmus University
Rotterdam, 3000 DR
Netherlands
+31 10 408 1955/2005 (Phone)
+31 10 453 0137 (Fax)

HOME PAGE: http://www.rsm.nl/fvandenbosch

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Henk W. Volberda

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands
+31 10 408 2761 (Phone)
+31 10 408 9013 (Fax)

HOME PAGE: http://www.eur.nl/fbk/dep/dep4/faculty_members/Henk_Volberda

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738
3000 DR Rotterdam
Netherlands

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