The two faces of hierarchy: CEO power and TMT learning diversity in technology venture innovation

IF 6.5 1区经济学 Q1 BUSINESS Small Business Economics Pub Date : 2024-02-29 DOI:10.1007/s11187-024-00893-4

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Abstract

The relationship between top management team (TMT) members’ learning behavior and the innovation strategy of technology ventures remains unclear, especially when complicated by social hierarchies within the team. We draw on organizational learning theory to theorize that diversity in TMT members’ learning behavior has both positive and negative latent effects that produce an inverted U-shaped relationship between TMT learning diversity and a firm’s radical innovation strategy. Building on the social hierarchy literature, we also suggest that CEO power moderates this relationship by altering the latent forces: structurally powerful CEOs neutralize the benefits of TMT learning diversity, turning the link between learning diversity and radical innovation strategy predominantly negative, whereas prestigiously powerful CEOs neutralize the costs of TMT learning diversity, turning its relationship with the firm’s radical innovation strategy predominantly positive. Longitudinal, multi-source data from 77 TMTs support our model. The findings contribute to the research on learning and social hierarchies by illustrating how hierarchies rooted in different sources of power have different effects on the relationship between TMT learning diversity and innovation strategy.

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等级制度的两面性：技术风险企业创新中的首席执行官权力与 TMT 学习多样性

摘要高层管理团队（TMT）成员的学习行为与科技企业创新战略之间的关系仍不明确，尤其是当团队内部的社会等级制度变得复杂时。我们借鉴组织学习理论，推测高层管理团队成员学习行为的多样性具有正负两种潜在效应，从而在高层管理团队学习多样性与企业激进创新战略之间产生倒 U 型关系。在社会等级文献的基础上，我们还认为首席执行官的权力会通过改变潜在力量来调节这种关系：结构上强大的首席执行官会中和技术管理团队学习多样性的益处，从而使学习多样性与激进创新战略之间的关系主要变为负相关；而声望上强大的首席执行官则会中和技术管理团队学习多样性的代价，从而使其与公司激进创新战略之间的关系主要变为正相关。来自 77 家 TMT 的多源纵向数据支持我们的模型。研究结果说明了植根于不同权力来源的等级制度如何对TMT学习多样性与创新战略之间的关系产生不同影响，从而为有关学习和社会等级制度的研究做出了贡献。

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来源期刊

Small Business Economics Multiple-

CiteScore

14.10

自引率

9.40%

发文量

124

期刊介绍： Small Business Economics: An Entrepreneurship Journal (SBEJ) publishes original, rigorous theoretical and empirical research addressing all aspects of entrepreneurship and small business economics, with a special emphasis on the economic and societal relevance of research findings for scholars, practitioners and policy makers. SBEJ covers a broad scope of topics, ranging from the core themes of the entrepreneurial process and new venture creation to other topics like self-employment, family firms, small and medium-sized enterprises, innovative start-ups, and entrepreneurial finance. SBEJ welcomes scientific studies at different levels of analysis, including individuals (e.g. entrepreneurs'' characteristics and occupational choice), firms (e.g., firms’ life courses and performance, innovation, and global issues like digitization), macro level (e.g., institutions and public policies within local, regional, national and international contexts), as well as cross-level dynamics. As a leading entrepreneurship journal, SBEJ welcomes cross-disciplinary research. Officially cited as: Small Bus Econ