CEO cognitive competencies in managing turnaround: Complexity and focus

IF 2 4区管理学 Q3 BUSINESS

Australian Journal of Management Pub Date : 2023-05-11 DOI:10.1177/03128962231168009

Xin Liang

引用次数: 1

Abstract

This study examines the knowledge structures (KSs) of CEOs of firms that attempted turnaround from performance decline. We developed and tested a theoretical model that describes how two cognitive characteristics of CEOs, complexity and centrality, influence the likelihood of turnaround. It is found that CEO KS centrality directly increases the chance of turnaround. In addition, CEO KS complexity is found to increasingly improve the chance of turnaround as a firm in decline launches a greater extent of strategic change to their organization. Together, in theory, our research suggests that CEO cognitive competencies matter for managing successful turnaround attempts. Practically speaking, the findings of this article imply that to improve their chance of achieving successful turnaround, declining firms should look for CEOs who are cognitively focused or who are cognitively complex enough to engage in the degree of strategic changes launched to save the firm. JEL Classification: L20, M1

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CEO管理转型的认知能力：复杂性和重点

本研究考察了试图从业绩下滑中扭转颓势的公司首席执行官的知识结构。我们开发并测试了一个理论模型，该模型描述了CEO的两个认知特征，复杂性和中心性，如何影响转变的可能性。研究发现，CEO KS的中心性直接增加了公司扭亏为盈的机会。此外，随着一家衰落的公司对其组织进行更大程度的战略变革，CEO KS的复杂性被发现越来越多地提高了扭亏为盈的机会。总之，从理论上讲，我们的研究表明，首席执行官的认知能力对管理成功的转型尝试至关重要。实际上，本文的研究结果表明，为了提高成功转型的机会，衰落的公司应该寻找那些专注于认知或认知足够复杂的首席执行官，以参与为拯救公司而发起的战略变革。JEL分类：L20，M1

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

Australian Journal of Management Multiple-

CiteScore

10.60

自引率

4.20%

发文量

期刊介绍： The objectives of the Australian Journal of Management are to encourage and publish research in the field of management. The terms management and research are both broadly defined. The former includes the management of firms, groups, industries, regulatory bodies, government, and other institutions. The latter encompasses both discipline- and problem-based research. Consistent with the policy, the Australian Journal of Management publishes research in accounting, applied economics, finance, industrial relations, political science, psychology, statistics, and other disciplines, provided the application is to management, as well as research in areas such as marketing, corporate strategy, operations management, organisation development, decision analysis, and other problem-focuses paradigms.