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Top Management Teams

In: Handbook of Top Management Teams

Author

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  • Donald C. Hambrick

Abstract

Research on top management teams commenced in the organisations literature around 1980 (Bourgeois, 1980) and has been pervasive ever since (e.g., Bantel and Jackson, 1989; Carpenter et al., in press; Eisenhardt and Schoonhoven, 1990; Finkelstein and Hambrick, 1996; Fredrickson and Iaquinto, 1989; Hambrick, 1981). In an effort to move beyond an examination of individual leaders, researchers have widened their focus to the constellation of executives who roughly comprise what Cyert and March (1963) called the ‘dominant coalition’. Most such research has attempted to examine the effects of top management team characteristics on organisational outcomes, on the assumption that the collective dispositions and interactions of top managers affect the major choices they make (Hambrick and Mason, 1984). This wave of research is an important advance for executive leadership theory because of its recognition that the management of an enterprise is typically a shared activity, extending beyond the chief executive. Although there are instances when top managers have limited discretion over organisational outcomes (Hambrick and Finkelstein, 1987), in most organisations no other small group has as much potential to affect the form or fate of the enterprise as does the top management team.

Suggested Citation

  • Donald C. Hambrick, 2010. "Top Management Teams," Palgrave Macmillan Books, in: Frank Bournois & Jérôme Duval-Hamel & Sylvie Roussillon & Jean-Louis Scaringella (ed.), Handbook of Top Management Teams, chapter 1, pages 23-30, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30533-5_2
    DOI: 10.1057/9780230305335_2
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    Cited by:

    1. Ilya R. P. Cuypers & Charmi Patel & Gokhan Ertug & Jiatao Li & Youtha Cuypers, 2022. "Top management teams in international business research: A review and suggestions for future research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(3), pages 481-515, April.
    2. Jonas Eduardsen & Svetla Marinova, 2016. "Decision-makers' risk perception in the internationalisation of small and medium-sized firms," International Journal of Export Marketing, Inderscience Enterprises Ltd, vol. 1(1), pages 4-26.
    3. Schmid, Stefan & Dauth, Tobias, 2014. "Does internationalization make a difference? Stock market reaction to announcements of international top executive appointments," Journal of World Business, Elsevier, vol. 49(1), pages 63-77.
    4. Roland Zs. Szabo & Iva Vuksanović Herceg & Robert Hanák & Lilla Hortovanyi & Anita Romanová & Marian Mocan & Dragan Djuričin, 2020. "Industry 4.0 Implementation in B2B Companies: Cross-Country Empirical Evidence on Digital Transformation in the CEE Region," Sustainability, MDPI, vol. 12(22), pages 1-20, November.

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