Characteristics of Chief Technology Officers and Radical Innovation

Doohee Chung () and Minhyung Kang
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Doohee Chung: School of Global Entrepreneurship and ICT, Handong Global University, 558 Handong-ro, Pohang, Gyeongsang 37554, South Korea
Minhyung Kang: #x2020;Department of e-Business, School of Business, Ajou University, 206 Worldcup-ro, Suwon 16499, South Korea

International Journal of Innovation and Technology Management (IJITM), 2019, vol. 16, issue 03, 1-18

Abstract: This study examines how characteristics of chief technology officer (CTO) drive radical innovation of the firm. Using data of 140 firms in US manufacturing industries, this study finds that the characteristics of the CTO explains a significant proportion of a firm’s relative radicalness even after controlling for CEO and top management team (TMT) characteristics, organizational capabilities, and other firm characteristics. Specifically, a CTO’s diverse functional experience increases a firm’s radicalness. In terms of individual prior functions, marketing experience was significantly related to radical innovation. In addition, the CTO’s diverse industrial experience increases the firm’s radicalness. In contrast to the existing theories, the CTO’s education level, tenure and age showed insignificant effects. However, the number of degrees in engineering and science showed significant effect on the performance of radical innovation. These results of the analysis on firm-level radicalness provide implications for both academics and practitioners.

Keywords: Radical innovation; chief technology officer; executive decision (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S0219877019500263

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