Effective Firm Alignment with SIGEL Crises: The Temporal Mindsets of Decision Makers

Liliana Pérez‐Nordtvedt, Kilho Shin and Joohan Lee

Journal of Management Studies, 2023, vol. 60, issue 6, 1549-1583

Abstract: When COVID‐19 hit, a surprising, intractable, global, existential, and lingering (SIGEL) crisis was unleashed, creating challenges unknown to humankind. To avoid failure, firms’ realignment to fit this SIGEL crisis became necessary. Yet, not all firms realigned. Why? Because of these firms' decision makers' temporal mindsets or their interpretative lenses about time. Contrary to the assumption that fast crisis response is essential, we argue and find that decision makers' time urgency (i.e., innate self‐imposed pressure to act quickly) hinders their firms' effective alignment. While past focus (i.e., innate tendency to attend to the past) had ‘o effect on effective firm alignment, present focus (i.e., innate tendency to attend to the present) and future focus (i.e., innate tendency to attend to the future) had a positive effect. Interestingly, data show that the co‐existence of (1) high future, low present, and low past and (2) high future, high present, and high past foci in decision makers' minds drive the most effective firm alignment, but (3) low future, low present, and low past foci drive the least. Using US and UK panel data, we show, conceptually and empirically, the importance of temporal mindsets to firm alignment with SIGEL crises.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/joms.12888

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:60:y:2023:i:6:p:1549-1583

Ordering information: This journal article can be ordered from
http://www.blackwell ... s.asp?ref=00022-2380

Access Statistics for this article

Journal of Management Studies is currently edited by Timothy Clark, Steven W. Floyd and Mike Wright

More articles in Journal of Management Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().