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TMT Cognition, First Mover Advantages and Firm Entreprenuerial Performance: A Review of Literature

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  • Rahab W Ngugi
  • James M. Kilika

Abstract

Top Management Teams (TMT) cognition play a strategic role in the decision making process in any firm. It is critical for firms to integrate managerial strategic thinking, which is rooted in managerial cognition, into the strategic process. Hence TMT cognition can be seen to be a key intangible resource of the firm. The speed and efficiency of the firm’s response to the rapidly changing environment is vital to firm performance. Firm’s can integrate corporate entrepreneurship as a corporate strategy to achieve competitiveness in the market. This paper presents a review of extant theoretical and empirical literature on two constructs, TMT cognition and first mover advantages and their link to firm entrepreneurial performance. Relevant theories have been reviewed, constructs and operational indicators have also been identified, comparison against empirical studies and the emergent knowledge gap is identified. This paper proposes a theoretical model for guiding future scholarship in strategic management.

Suggested Citation

  • Rahab W Ngugi & James M. Kilika, 2018. "TMT Cognition, First Mover Advantages and Firm Entreprenuerial Performance: A Review of Literature," International Business Research, Canadian Center of Science and Education, vol. 11(6), pages 110-126, June.
    • Handle: RePEc:ibn:ibrjnl:v:11:y:2018:i:6:p:110-126
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    References listed on IDEAS

    as
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    3. Sarah Kaplan, 2011. "Research in Cognition and Strategy: Reflections on Two Decades of Progress and a Look to the Future," Journal of Management Studies, Wiley Blackwell, vol. 48(3), pages 665-695, May.
    4. Gregory G. Dess & G. T. Lumpkin & J. G. Covin, 1997. "Entrepreneurial strategy making and firm performance: tests of contingency and configurational models," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 677-695, October.
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    Cited by:

    1. Janet K. Muthimi & James M. Kilika, 2018. "Leadership Strategy, Behavioural Focus and Firm Performance: A Review of Literature," International Business Research, Canadian Center of Science and Education, vol. 11(11), pages 143-163, November.

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    More about this item

    Keywords

    top management teams cognition; first mover advantages; firm entrepreneurial performance;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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