Strategic Leadership Theory and Research on Executives, Top Management Teams, and Boards

ISBN-10: 0195162072

ISBN-13: 9780195162073

Edition: 2009

List price: $56.00 Buy it from $36.20
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Description:

This book integrates and assesses the vast and rapidly growing literature on strategic leadership, which is the study of top executives and their effects on organizations. The basic premise is that in order to understand why organizations do the things they do, or perform the way they do, we need to deeply comprehend the people at the top-- their experiences, abilities, values, social connections, aspirations, and other human features. The actions--or inactions--of a relatively small number of key people at the apex of an organization can dramatically affect organizational outcomes. The scope of strategic leadership includes individual executives, especially chief executive officers (CEOs), groups of executives (top management teams, or TMTs); and governing bodies (particularly boards of directors). Accordingly, the book addresses an array of topics regarding CEOs (e.g., values, personality, motives, demography, succession, and compensation); TMTs (including composition, processes, and dynamics); and boards of directors (why boards look and behave the way they do, and the consequences of board profiles and behaviors). Strategic Leadership synthesizes what is known about strategic leadership and indicates new research directions. The book is meant primarily for scholars who strive to assess and understand the phenomena of strategic leadership. It offers a considerable foundation on which professionals involved in executive search, compensation, appraisal and staffing, as well as board members who evaluate executive performance and potential, might build their tools and perspectives.
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Book details

List price: $56.00
Copyright year: 2009
Publisher: Oxford University Press, Incorporated
Publication date: 11/5/2008
Binding: Hardcover
Pages: 480
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.760
Language: English

The Study of Top Executives
The Essence of Strategic Leadership
Academic Attention to Executives: A Historical View
The Scope of Strategic Leadership
Chief Executive Officers
Business Unit Heads
Top Management Teams
Boards of Directors
Additional Matters of Scope
Overview of the Book
Do Top Executives Matter?
What Do Top Executives Do?
Basic Dimensions of the Job
Do Managers Matter? A Doubtful View
Do Managers Matter? A Positive View
Problems with Lieberson and O'Connor's Study
Evidence of Executive Effects
Managerial Discretion
Environmental Sources
Organizational Sources
Individual Sources
Effects of Discretion
Executive Job Demands
The Managerial Mystique
Conclusion
How Individual Differences Affect Executive Action
A Model of Human Limits on Strategic Choice
The Filtering Process
Executive Orientation: An Overview
Psychological Characteristics as Bases for Executive Action
Executive Values
Cognitive Model
Executive Personality
Positive Self-Regard
Conclusion
Executive Experiences and Organizational Outcomes
Executive Tenure
Tenure and Executive Psychology
Tenure and Organizational Strategy
Tenure and Performance
Functional Background
Functional Experiences and Executive Perceptions
Links to Strategy and Performance
Future Research on Functional Experiences
Formal Education
International Experience
Future Directions
Promising Avenues of Research
A Still-Untapped Perspective: The Factors Affecting the Predictive Strength of Executive Characteristics
Which Traits?
Which Behaviors?
Which People?
Which Situations?
Conclusion
Top Management Teams
The Conceptual Elements of Top Management Teams
How the Conceptual Elements of TMTs Are Related
Teams versus Groups
Who Is in the Top Group?
Power Dynamics at the Top
Interactions within TMTs
The CEO and Team Process
Determinants of TMT Characteristics
Environment
Organization
CEO
Consequences of TMTs' Interaction
Consequences of TMTs on Strategic Decision Making
Consequences of TMTs on Strategy
Consequences of TMTs on Firm Performance
Conclusion
Changes at the Top: The Antecedents of Executive Turnover and Succession
Will Succession Occur? Determinants of Top Executive Departure
Organizational Performance
Agency Conditions
Other Organizational Characteristics
Environment
Predecessor (Incumbent) Characteristics
What Will Be the Dynamics of the Succession Process?
Types of Successions
Influence of the Incumbent versus the Board
Who Will Be Selected?
Insider versus Outsider Selection
The Broader Case of Continuity versus Change
Conclusion
Changes at the Top: The Consequences of Executive Turnover and Succession
What Are the Consequences of Succession?
The New Executive's Behaviors and Organizational Change
Implications for Organizational Performance
Executive Turnover: Beyond the CEO
Other Interesting Issues for Succession
Conclusion
Understanding Board Structure, Composition, and Vigilance
Determinants of Board Structure and Composition
What Do We Mean by Board Structure and Composition?
Critical Contingencies
Institutional Forces
Agency Conditions
Determinants of Board Vigilance
Board Vigilance in Monitoring and Disciplining Top Management
Competition versus Cooperation in Board-CEO Relations
Conclusion
The Consequences of Board Involvement and Vigilance
Board Involvement in Strategy Formation
Contextual Conditions Predicting Board Strategic Involvement
Boards and Firm Performance
Board Effects on Strategy
Boards as Supra-Top Management Teams
Board Monitoring and Disciplinary Behavior
Boards and Executive Compensation
Boards and Monitoring Behaviors
Conclusion
The Determinants of Executive Compensation
Organizing Dimensions for a Framework of Executive Compensation
Direction of Causality
Theoretical Perspectives
Unit of Analysis
Economic Explanations for Executive Compensation
Research from the Managerialist and Neoclassical Traditions
Moderators of the Pay-Performance Relationship
Human Capital
Marginal Product and the Managerial Labor Market
Social Explanations for Executive Compensation
Ismorphism of Executive Compensation
Social Comparison Processes in the Setting of Executive Pay
Social Capital
Political Explanations for Executive Compensation
Compensation for Business Unit General Managers: Determinants and Consequences
GM Compensation versus CEO Compensation
The Determinants of GM Compensation
The Consequences of GM Compensation
Conclusion
Executive Compensation: Consequences and Distributions
Consequences of Executive Compensation
Economic Explanations for the Consequences of Executive Compensation
Behavioral Agency Theory
Social Explanations for the Consequences of Executive Compensation
Political Explanations for the Consequences of Executive Compensation
Distribution of Compensation within Top Management Teams
Pay Differential between CEOs and Other Executives in the Firm
Pay Dispersion within Top Management Teams
TMT and CEO Compensation Patterns
Conclusion
Notes
References
Index
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