Managerial commitment to the status quo and corporate divestiture: Can power motivate openness to change?

IF 9.1 1区管理学 Q1 MANAGEMENT

Leadership Quarterly Pub Date : 2022-06-01 DOI:10.1016/j.leaqua.2020.101459

Shih-chi Sana Chiu , Seemantini Pathak , Robert E. Hoskisson , Richard A. Johnson

{"title":"Managerial commitment to the status quo and corporate divestiture: Can power motivate openness to change?","authors":"Shih-chi Sana Chiu , Seemantini Pathak , Robert E. Hoskisson , Richard A. Johnson","doi":"10.1016/j.leaqua.2020.101459","DOIUrl":null,"url":null,"abstract":"<div><p>CEOs' commitment to the status quo (CSQ) is a prominent psychological factor leading to their resistance to organizational change. In this study we focus on the moderating role of managerial power, a central element in strategic choice, in the relationship between CEOs' CSQ and corporate divestiture activity. Drawing from the resource dependence perspective of power, we identify multiple aspects of power (structural, ownership, prestige/social, and expert power) that reduce CEOs' resistance to corporate change arising from CSQ. This study contributes to the strategic leadership and organizational change literatures by underscoring the importance of considering how different power bases shape the decision making of top managers who may have tendencies to hold onto firm assets when the situation warrants change. With a better understanding of how various power bases may uniquely influence strategic outcomes in the presence of managerial psychological bias, we can more accurately assess the impact of power on firms' strategic actions.</p></div>","PeriodicalId":48434,"journal":{"name":"Leadership Quarterly","volume":"33 3","pages":"Article 101459"},"PeriodicalIF":9.1000,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.leaqua.2020.101459","citationCount":"11","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Leadership Quarterly","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1048984320300862","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}

引用次数: 11

Abstract

CEOs' commitment to the status quo (CSQ) is a prominent psychological factor leading to their resistance to organizational change. In this study we focus on the moderating role of managerial power, a central element in strategic choice, in the relationship between CEOs' CSQ and corporate divestiture activity. Drawing from the resource dependence perspective of power, we identify multiple aspects of power (structural, ownership, prestige/social, and expert power) that reduce CEOs' resistance to corporate change arising from CSQ. This study contributes to the strategic leadership and organizational change literatures by underscoring the importance of considering how different power bases shape the decision making of top managers who may have tendencies to hold onto firm assets when the situation warrants change. With a better understanding of how various power bases may uniquely influence strategic outcomes in the presence of managerial psychological bias, we can more accurately assess the impact of power on firms' strategic actions.

查看原文本刊更多论文

管理层对现状的承诺和企业剥离:权力能激发对变革的开放态度吗?

ceo对现状的承诺是导致其抗拒组织变革的重要心理因素。在本研究中，我们重点研究了作为战略选择核心要素的管理权力在ceo的企业文化意识与企业剥离活动之间的关系中的调节作用。从权力的资源依赖角度出发，我们确定了权力的多个方面(结构、所有权、声望/社会和专家权力)，这些方面降低了首席执行官对CSQ引起的公司变革的抵制。本研究通过强调考虑不同权力基础如何影响高层管理者的决策的重要性，从而对战略领导和组织变革的文献做出了贡献，高层管理者可能在情况需要改变时倾向于持有公司资产。通过更好地理解在管理心理偏差存在的情况下，各种权力基础如何独特地影响战略结果，我们可以更准确地评估权力对企业战略行动的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Leadership Quarterly Multiple-

CiteScore

15.20

自引率

9.30%

发文量

期刊介绍： The Leadership Quarterly is a social-science journal dedicated to advancing our understanding of leadership as a phenomenon, how to study it, as well as its practical implications. Leadership Quarterly seeks contributions from various disciplinary perspectives, including psychology broadly defined (i.e., industrial-organizational, social, evolutionary, biological, differential), management (i.e., organizational behavior, strategy, organizational theory), political science, sociology, economics (i.e., personnel, behavioral, labor), anthropology, history, and methodology.Equally desirable are contributions from multidisciplinary perspectives.