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

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  • Alexander S. Alexiev
  • Justin J. P. Jansen
  • Frans A. J. Van den Bosch
  • Henk W. Volberda

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. Copyright (c) 2010 The Authors. Journal of Management Studies (c) 2010 Blackwell Publishing Ltd and Society for the Advancement of Management Studies.

Suggested Citation

  • Alexander S. Alexiev & Justin J. P. Jansen & Frans A. J. Van den Bosch & Henk W. Volberda, 2010. "Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity," Journal of Management Studies, Wiley Blackwell, vol. 47(7), pages 1343-1364, November.
  • Handle: RePEc:bla:jomstd:v:47:y:2010:i:7:p:1343-1364
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    References listed on IDEAS

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    Cited by:

    1. Ana García-Granero & Óscar Llopis & Anabel Fernández-Mesa & Joaquín Alegre, 2015. "Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate," Grenoble Ecole de Management (Post-Print) hal-01137650, HAL.
    2. García-Granero, Ana & Llopis, Óscar & Fernández-Mesa, Anabel & Alegre, Joaquín, 2015. "Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate," Journal of Business Research, Elsevier, vol. 68(5), pages 1094-1104.
    3. Philip Meissner & Torsten Wulf, 2016. "Debiasing illusion of control in individual judgment: the role of internal and external advice seeking," Review of Managerial Science, Springer, vol. 10(2), pages 245-263, March.
    4. Jansen, J.J.P., 2011. "Corporate Entrepreneurship: Sensing and Seizing Opportunities for a Prosperous Research Agenda," ERIM Inaugural Address Series Research in Management EIA-2011-046-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam..
    5. Alexander S. Alexiev & Justin J. P. Jansen & Frans A. J. Van den Bosch & Henk W. Volberda, 2011. "Industry Differences in Strategic Decision Making of Dutch Top Management Teams," Chapters,in: The Nature of the New Firm, chapter 3 Edward Elgar Publishing.
    6. repec:spr:rvmgts:v:12:y:2018:i:1:d:10.1007_s11846-016-0222-z is not listed on IDEAS
    7. repec:spr:rvmgts:v:12:y:2018:i:1:d:10.1007_s11846-016-0220-1 is not listed on IDEAS
    8. Yildiz, H. Emre, 2016. "“Us vs. them” or “us over them”? On the roles of similarity and status in M&As," International Business Review, Elsevier, vol. 25(1), pages 51-65.
    9. Verreynne, Martie-Louise & Hine, Damian & Coote, Len & Parker, Rachel, 2016. "Building a scale for dynamic learning capabilities: The role of resources, learning, competitive intent and routine patterning," Journal of Business Research, Elsevier, vol. 69(10), pages 4287-4303.
    10. repec:spr:scient:v:111:y:2017:i:2:d:10.1007_s11192-017-2322-1 is not listed on IDEAS
    11. Kwee, Z. & van den Bosch, F.A.J. & Volberda, H.W., 2010. "The Influence of Top Management Team’s Corporate Governance Orientation on Strategic Renewal Trajectories," ERIM Report Series Research in Management ERS-2010-032-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    12. Förster, Bernadette & von der Gracht, Heiko, 2014. "Assessing Delphi panel composition for strategic foresight — A comparison of panels based on company-internal and external participants," Technological Forecasting and Social Change, Elsevier, vol. 84(C), pages 215-229.
    13. O'Reilly, Charles A., III & Tushman, Michael L., 2013. "Organizational Ambidexterity: Past, Present and Future," Research Papers 2130, Stanford University, Graduate School of Business.
    14. Jenny María Ruiz-Jiménez & María del Mar Fuentes-Fuentes & Matilde Ruiz-Arroyo, 2016. "Knowledge Combination Capability and Innovation: The Effects of Gender Diversity on Top Management Teams in Technology-Based Firms," Journal of Business Ethics, Springer, vol. 135(3), pages 503-515, May.
    15. Esther Hormiga & Petra Saá-Pérez & Nieves L. Díaz-Díaz & José Luis Ballesteros-Rodríguez & Inmaculada Aguiar-Diaz, 2017. "The influence of entrepreneurial orientation on the performance of academic research groups: the mediating role of knowledge sharing," The Journal of Technology Transfer, Springer, vol. 42(1), pages 10-32, February.

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