Top management team and board of directors as the strategic leadership system: The effect of behavioral integration on strategic decision-making quality

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal Pub Date : 2024-10-01 DOI:10.1016/j.emj.2023.04.010

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Abstract

Research on the actors involved in firms' strategic decision-making moves towards the principle that both the top management team (TMT) and the board of directors should be considered more as one interdependent collective. In this study, we view firm governance from a multiteam systems perspective and consider the TMT and board as the strategic leadership system (SLS). Our main goal is to examine whether a higher level of behavioral integration (i.e., interdependence) within the strategic leadership system (SLS BI) leads to higher levels of strategic decision-making quality. Simultaneously, we consider the moderating role of the firm's industry competitiveness (i.e., environmental complexity) as a factor that may increase the cruciality of board-TMT interdependence to reach high quality strategic decisions. Based on a unique multiple respondent sample of 375 SLS members from 47 Belgian private family firms, we find that SLS BI positively affects strategic decision-making quality. Additionally, results indicate that higher environmental complexity strengthens the positive effect of SLS BI on strategic decision-making quality.

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高层管理团队与董事会作为战略领导系统:行为整合对战略决策质量的影响

关于企业战略决策参与者的研究趋向于这样一个原则，即高层管理团队（TMT）和董事会应被视为一个相互依存的集体。在本研究中，我们从多团队系统的角度来看待公司治理，并将高层管理团队和董事会视为战略领导系统（SLS）。我们的主要目标是研究战略领导系统（SLS BI）内更高水平的行为整合（即相互依存）是否会导致更高水平的战略决策质量。同时，我们还考虑了企业的行业竞争力（即环境复杂性）的调节作用，认为该因素可能会增加董事会与管理层之间相互依赖关系对达成高质量战略决策的关键性。基于来自 47 家比利时私营家族企业的 375 名 SLS 成员的独特多重受访者样本，我们发现 SLS BI 会对战略决策质量产生积极影响。此外，研究结果表明，环境复杂度越高，SLS BI 对战略决策质量的积极影响就越大。

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

European Management Journal Multiple-

CiteScore

12.90

自引率

5.30%

发文量

113

审稿时长

74 days

期刊介绍： The European Management Journal (EMJ) stands as a premier scholarly publication, disseminating cutting-edge research spanning all realms of management. EMJ articles challenge conventional wisdom through rigorously informed empirical and theoretical inquiries, offering fresh insights and innovative perspectives on key management themes while remaining accessible and engaging for a wide readership. EMJ articles embody intellectual curiosity and embrace diverse methodological approaches, yielding contributions that significantly influence both management theory and practice. We actively seek interdisciplinary research that integrates distinct research traditions to illuminate contemporary challenges within the expansive domain of European business and management. We strongly encourage cross-cultural investigations addressing the unique challenges faced by European management scholarship and practice in navigating global issues and contexts.