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TOP MANAGEMENT TEAM STRATEGIC CONSENSUS, DEMOGRAPHIC HOMOGENEITY AND FIRM PERFORMANCE: A REPORT OF RESOUNDING NONFINDINGS
Author(s) -
WEST Jr. CLIFFORD T.,
SCHWENK CHARLES R.
Publication year - 1996
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/(sici)1097-0266(199607)17:7<571::aid-smj817>3.0.co;2-c
Subject(s) - homogeneity (statistics) , marketing , operations management , business , management , psychology , public relations , economics , political science , statistics , mathematics
In this study, we hypothesized that relationships among top managers' goals consensus, means consensus, demographic homogeneity and firm performance would be positive and stronger in a stable industry environment than in a dynamic one. Utilizing a more rigorous methodology, the significant findings of earlier studies could not be replicated. Although the questions remain interesting and important ones, we believe pursuing this line of inquiry further will yield results inconsistent at best and fruitless at worst. Therefore, we urge future researchers to cautiously tread the perilous methodologic minefield that led to our nonfindings.