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New CEO intervention and dynamics of deliberate strategic change

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  • Larry E. Greiner
  • Arvind Bhambri

Abstract

Growing evidence in the executive succession literature and the business press makes clear that new CEOs often attempt to introduce strategic change upon entering their jobs. Yet strategy researchers have generally neglected to document the internal dynamics of these interventions, and many scholars remain pessimistic about the likelihood of success. This paper presents an empirical case study where a new CEO succeeds at strategic change, using an intervention approach we call ‘comprehensive/collaborative’. A set of testable propositions is inferred to explain the unfolding dynamics within this intervention approach, followed by an overall theoretical framework based on a series of phases and underlying themes involving the interplay between the CEO'S actions, rational synoptic planning, and emergent political behavior. Future research needs to expand upon this beginning framework to test our propositions and evaluate other intervention approaches.

Suggested Citation

  • Larry E. Greiner & Arvind Bhambri, 1989. "New CEO intervention and dynamics of deliberate strategic change," Strategic Management Journal, Wiley Blackwell, vol. 10(S1), pages 67-86, June.
    • Handle: RePEc:bla:stratm:v:10:y:1989:i:s1:p:67-86
    DOI: 10.1002/smj.4250100707
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    Cited by:

    1. Steve Kyungjae Lee, 2021. "Family Firms Can Perform Better by Overcoming Strategic Unwillingness: Implications of “Familiness” for Coopetition Strategy," Journal of Business Administration Research, Journal of Business Administration Research, Sciedu Press, vol. 10(2), pages 1-1, October.
    2. WestIII, G. Page & Meyer, G. Dale, 1998. "To agree or not to agree? consensus and performance in new ventures," Journal of Business Venturing, Elsevier, vol. 13(5), pages 395-422, September.
    3. Jacqueline Christensen & Pamela Kent & Tom Smith, 2016. "The decision to outsource risk management services," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(4), pages 985-1015, December.
    4. Uchida, Hirofumi & Yamada, Kazuo & Zazzaro, Alberto, 2023. "Management innovations in family firms after CEO successions: Evidence from Japanese SMEs," Japan and the World Economy, Elsevier, vol. 66(C).
    5. Abernethy, Margaret A. & Brownell, Peter, 1999. "The role of budgets in organizations facing strategic change: an exploratory study," Accounting, Organizations and Society, Elsevier, vol. 24(3), pages 189-204, April.
    6. Xin Liu, 2020. "Impression management against early dismissal? CEO succession and corporate social responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 999-1016, March.
    7. Struckell, Elisabeth & Ojha, Divesh & Patel, Pankaj C. & Dhir, Amandeep, 2022. "Strategic choice in times of stagnant growth and uncertainty: An institutional theory and organizational change perspective," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    8. Pankaj C. Patel & Danielle Cooper, 2014. "The harder they fall, the faster they rise: Approach and avoidance focus in narcissistic CEOs," Strategic Management Journal, Wiley Blackwell, vol. 35(10), pages 1528-1540, October.
    9. Hung, Chi-Hsiou D. & Jiang, Yuxiang & Liu, Frank Hong & Tu, Hong & Wang, Senyu, 2017. "Bank political connections and performance in China," Journal of Financial Stability, Elsevier, vol. 32(C), pages 57-69.
    10. Pol Herrmann & Sucheta Nadkarni, 2014. "Managing strategic change: The duality of CEO personality," Strategic Management Journal, Wiley Blackwell, vol. 35(9), pages 1318-1342, September.
    11. Covin, Jeffrey G. & Slevin, Dennis P. & Schultz, Randall L., 1997. "Top Management Decision Sharing and Adherence to Plans," Journal of Business Research, Elsevier, vol. 40(1), pages 21-36, September.
    12. Yu Zhou & Hongzhang Zhu & Jun Yang & Yunqing Zou, 2021. "Does CEO Power Backfire? The Impact of CEO Power on Corporate Strategic Change," Sustainability, MDPI, vol. 13(16), pages 1-19, August.
    13. Tomoaki Sakano & Arie Y. Lewin, 1999. "Impact of CEO Succession in Japanese Companies: A Coevolutionary Perspective," Organization Science, INFORMS, vol. 10(5), pages 654-671, October.
    14. Zhen Huang & Weiwei Gao, 2022. "Has the past really passed? Strategic inertia and capital structure persistence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 883-893, June.

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