Top Management Team Expansion Study: A New Approach Based on the Team Life Cycle
DOI:
https://doi.org/10.56028/ijbm.1.5.12.2023Keywords:
Top management teams, Demographic characteristics, Recessive characteristics, Team life cycle Businesses operate in an increasingly complicated and dynamic external environment in the setting of economic globalization. Businesses are finding it increasingly challenging to manage complicated and unpredictable settings with the knowledge and expertise of a single leader due to the growing competition in the global market. The development of enterprises is led by the Top Management Team (TMT), which is made up of management elites from various departments and fields of enterprises. This has gradually drawn the attention of enterprises and also sparked a boom in academic research on top management teams. This study presents a novel viewpoint on the team life cycle to create an initial debate on the analytical framework of future TMT research, based on a survey of the existing domestic and international TMT research.Abstract
The top management team occupies the position at the top of the organizational management hierarchy, is charged with making strategic decisions, and is crucial to the success of the entire business. The study of top management teams has increased dramatically since the publication of the upper echelons theory. The research findings on the relationship between demographic characteristics and their differences and corporate performance, however, lack stability. This is true whether discussing the relationship between the characteristics of the top management team and organizational performance from the perspective of the team's demographic characteristics and their differences or concentrating on the top management team's interaction process to study the mediating role of team process variables between the team's demographic characteristics and strategic decisions and corporate performance. This paper explores a unique research path for the study of top management teams by reviewing the research lineage of these teams, analyzing the shortcomings of previous studies, and proposing a new line of inquiry based on the team life cycle viewpoint.
