Who Directs Strategic Change ? Director Experience, The Selection of New CEOs, and Change in Corporate Strategy  

Oleh:

Westphal, James D. ; Fredrickson, James W.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 12 (2001), page 1113-1138.
Topik: ceo; boards; governance; change

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We develop a theory of board - directed strategic change in which directors : 1. conceive changes incorporate strategy that reflect the strategies of their own home companies, and 2. select new CEOs who have prior experience with similar strategies to facilitate implementation. The findings show that while the experience of new CEOs appears to predict corporate strategic change, these effects disappear after accounting for board experience. Thus, our results suggest that executive effects on strategy can mask board effects.

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