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CEOs Driving Decision Making Toward Higher Performance: Strategic Micro-foundations of Small-Sized Family Firms
The Journal of Applied Behavioral Science ( IF 2.3 ) Pub Date : 2021-06-21 , DOI: 10.1177/00218863211023279
Yair Friedman 1 , Abraham Carmeli 1
Affiliation  

Chief executive officers (CEOs) have a substantial influence on the decision-making processes of the top management team (TMT) and the performance of the firm in general, and this influence is particularly important in small-sized family firms. By integrating research on CEO qualities and the CEO–TMT interface to explain how they interact in ways that drive firm performance, we provide a first attempt to highlight the importance of CEO capacity to implement decisions that were made following a comprehensive process (i.e., strategic decision comprehensiveness, SDC) for the performance of small-sized family firms. In so doing, we provide a micro-foundation lens and also direct research attention to decision implementation, a key issue in the field of strategic management, which unfortunately has relatively been overlooked in the extant literature. Results of multisource survey data collected from CEOs and TMT members of 131 small-sized family firms indicate a positive interaction effect between CEO implementation capacity, the TMT SDC, and the performance of small-sized family firms.



中文翻译:

CEO 推动决策以实现更高绩效:小型家族企业的战略微观基础

首席执行官 (CEO) 对高层管理团队 (TMT) 的决策过程和公司的整体绩效具有重大影响,这种影响在小型家族企业中尤为重要。通过整合对 CEO 素质和 CEO-TMT 界面的研究来解释它们如何以推动公司绩效的方式相互作用,我们首次尝试强调 CEO 执行综合过程(即战略决策全面性 (SDC) 的小型家族企业绩效。在这样做的过程中,我们提供了一个微观基础镜头,并将研究注意力引导到决策实施上,这是战略管理领域的一个关键问题,不幸的是,这一点在现有文献中相对被忽视了。

更新日期:2021-06-22
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