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Managerial commitment to the status quo and corporate divestiture: Can power motivate openness to change?
The Leadership Quarterly ( IF 9.924 ) Pub Date : 2020-09-26 , DOI: 10.1016/j.leaqua.2020.101459
Shih-chi Sana Chiu , Seemantini Pathak , Robert E. Hoskisson , Richard A. Johnson

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.



中文翻译:

管理层对现状和企业剥离的承诺:权力能否激发变革的开放性?

CEO对现状的承诺(CSQ)是导致他们抵制组织变革的一个突出的心理因素。在这项研究中,我们关注管理权力在 CEO 的 CSQ 与企业剥离活动之间的关系中的调节作用,管理权力是战略选择的核心要素。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),这些权力减少了 CEO 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人员决策的重要性,这些研究有助于战略领导和组织变革文献的重要性,这些高层管理人员在情况需要改变时可能倾向于持有公司资产。

更新日期:2020-09-26
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