This study develops and tests a thesis derived from the law of requisite variety. We contend that the greater the experiential variety of a top management team, the more likely the complexity and consistency of the firm’s competitive repertoire will be calibrated to relevant external variety. In addition, for firms that achieve such calibrated repertoires, we expect that their financial performance will be superior to that of their peers. We then integrate these arguments and examine whether top management team experiential variety indirectly, through calibrated repertoires, contributes to firm performance. Analyzing hand-collected data for firms operating in the 3D printing industry over the past three decades (1986-2017), we find support for the overall thesis and associated hypotheses. The discussion section elaborates on the study’s contributions, limitations, and future research potential.

中文翻译：

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高层管理团队经验多样性、竞争性剧目和企业绩效：考察 3D 打印行业的必要多样性规律（1986-2017）

本研究开发并测试了一个源自必要多样性定律的论文。我们认为，高层管理团队的经验多样性越大，公司竞争项目的复杂性和一致性就越有可能与相关的外部多样性相匹配。此外，对于实现这种校准曲目的公司，我们预计它们的财务业绩将优于同行。然后，我们整合这些论点，并检查高层管理团队的经验多样性是否通过校准曲目间接有助于公司绩效。通过分析过去三十年（1986 年至 2017 年）在 3D 打印行业运营的公司的手工收集数据，我们发现对整体论文和相关假设的支持。