Power and Glory: Concentrated Power in Top Management Teams

Henrich R. Greve · Hitoshi Mitsuhashi

159 citations0/0 files storedOrganization Studies

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Corporate Finance and Governance Management and Organizational Studies Organizational Management and Leadership

Abstract

Strategic change is one of the most critical decisions that organizations make. We focus on the role of groups at the upper echelon of hierarchies and propose that concentrated power either in the CEO or the top management team is prone to be exercised, leading to a high rate of strategic change. We derive hypotheses on how formal and informal power concentration in top management teams have an effect on changes in corporate diversification. The findings suggest that power concentration strongly affects decision making.

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References

1988Social Capital in the Creation of Human Capital 2000Social Capital in the Creation of Human Capital 2017Exchange and Power in Social Life 1965Exchange and Power in Social Life.1976Markets and Hierarchies: Analysis and Antitrust Implications.1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1992Structural Holes 1995Structural Holes: The Social Structure of Competition

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