Dynamic modeling of strategic thinking for top management teams and its impact on firm performance: a system dynamics approach

IF 2.5 Q3 MANAGEMENT

JOURNAL OF MANAGEMENT DEVELOPMENT Pub Date : 2021-09-09 DOI:10.1108/jmd-09-2020-0298

Aqueeb Sohail Shaik, Sanjay Dhir

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引用次数: 3

Abstract

PurposeThe purpose of this study is to model the strategic thinking process, considering the different psychological traits of TMTs (top management teams) and how the technological dynamism affects the strategies framed together impacting the performance of the firm.Design/methodology/approachModeling and simulation are done in this study using the system dynamics (SD) tool. The data are extracted using social media analytics, and the same is given as an input for the SDmodel, which is used for modeling and simulation of the interdependencies between the psychological factors, technological dynamism and firm performance. The analysis decodes how a change in the thinking process of a TMT has an impact on the performance of the company in an automobile market.FindingsThe study has explained how different psychological traits affect the thinking process of a TMT and how the strategies framed with this thinking behavior have an impact on firm performance.Research limitations/implicationsThe study is limited only to the automobile industry in India, and only partial psychological constructs were considered to examine their impact on firm performance. This study can be further extended by analyzing the same to various other industries along with many other psychological constructs.Practical implicationsThe findings identify the change in behavior of the performance due to the thinking process and technological dynamism. This helps the top management to take into consideration different factors that affect the strategies framed for the company and what are the threshold points in the system that are to be focused on during the framing of a strategy.Originality/valueThe study fills the unattended gaps in the literature regarding how the psychological traits are interdependent and how their relationship is affecting the thinking process, which is going to have an impact on the behavior of the firm performance. It also adds to the literature of systems thinking.

查看原文本刊更多论文

高层管理团队战略思维的动态建模及其对公司绩效的影响:系统动力学方法

目的本研究的目的是建立战略思维过程的模型，考虑高层管理团队的不同心理特征，以及技术动态如何影响共同制定的战略，从而影响公司的绩效。设计/方法/方法本研究使用系统动力学（SD）工具进行建模和仿真。这些数据是使用社交媒体分析提取的，并作为SDmodel的输入，SDmodel用于建模和模拟心理因素、技术动态和企业绩效之间的相互依存关系。该分析解读了TMT思维过程的变化如何影响公司在汽车市场中的表现。研究结果该研究解释了不同的心理特征如何影响TMT的思维过程，以及这种思维行为所制定的策略如何影响公司绩效。研究局限性/含义该研究仅限于印度的汽车行业，仅考虑了部分心理结构来考察其对企业绩效的影响。这项研究可以通过分析其他行业以及许多其他心理结构来进一步扩展。实践含义研究结果表明，由于思维过程和技术动态，表演行为发生了变化。这有助于最高管理层考虑影响公司战略制定的不同因素，以及在制定战略时需要关注的系统中的临界点是什么。独创性/价值这项研究填补了文献中关于心理特征如何相互依存以及它们的关系如何影响思维过程的空白，而思维过程将对企业绩效的行为产生影响。它还增加了系统思维的文献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

JOURNAL OF MANAGEMENT DEVELOPMENT MANAGEMENT-

CiteScore

7.00

自引率

9.70%

发文量

期刊介绍： ■Competence-based management development ■Developing leadership skills ■Developing women for management ■Global management ■The new technology of management development The Journal of Management Development draws together the thinking and research relating to the role played by managers in their immediate environment, and the ways in which they can widen their responsibilities to take on larger roles. Many companies now appreciate that investment in management development helps to reduce costs, increase sales and improve productivity - so it"s well worth investigating.