Correcting the Paradox of Success: A Managerial Cognition Perspective

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Issue:

Business

 

Written by:

Mary J

 

Date added:

April 10, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

11 / 2812

 

Was viewed:

1859 times

 

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Essay content:

A system dynamics model is formalized to replicate the paradox of success and to incorporate the process of knowledge structure formation in the top management team. The key to the survival in face of major environmental changes is the awareness of the knowledge structure appropriateness, and the promptness in updating the knowledge structure...
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One way to safeguard knowledge structure appropriateness is to maintain sufficient degree of heterogeneity of knowledge structure in top management team. The model generates several propositions: (1) The tradeoff between top management team heterogeneity and effectiveness makes cohesive structure a suboptimal choice in stable environment...
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