Top management: The architects of success

Franz Bailom, Kurt Matzler and Dieter Tschemernjak

Chapter 9 in Enduring Success, 2007, pp 133-143 from Palgrave Macmillan

Abstract: Abstract According to one of the theses we put forward in Chapter 3: “It is not individual management methods and tools, but ultimately the top management team’s attitudes, values, thought patterns and approach which form the basis for sustained success.” If we look at the results of our empirical analyses using the PLS model, this thesis does not seem tenable, at least at first glance, since the data from over 700 strategic business units show that there is no direct statistically significant relationship between the innovation orientation of top management and corporate success. However, if we leave culture, market orientation, core competences, and innovation in products and services to one side and only calculate a very simplified model that only takes the relationship between the innovation orientation of top management and corporate success into account, something interesting happens: the relationship suddenly becomes highly significant and strong (β = 0.47***). How can this be explained? Expressed in scientific language, the result means that culture, market orientation, core competences, and innovative success have a strong mediator effect.1 In other words, there is a relationship between the innovation orientation of top management and corporate success. However, this is not a direct relationship; it only comes about via the other success drivers in our model. Put simply, this means that the innovation orientation of top management alone is not sufficient.

Keywords: Emotional Intelligence; Market Orientation; Core Competence; Creative Destruction; Senior Executive (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-28704-4_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230287044

DOI: 10.1057/9780230287044_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().