Quotation Becker, Philipp Benedikt, Klarner, Patricia. 2021. CEO Cognitive Complexity, Cognitive Flexibility, and Strategic Change: The Moderating Role of CEO Tenure. 81st Annual Meeting of the Academy of Management, Philadelphia, Vereinigte Staaten/USA, 29.06.-05.07.


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Abstract

We examine the effect of CEO tenure on the relationship between CEO cognition and strategic change. We focus on two fundamental cognitive map properties: cognitive complexity and cognitive flexibility. Applying a novel methodological approach, which combines a topic modeling algorithm, trained on over 681 million words, with network analysis, we measure the complexity of cognitive maps as well as their degree of adaptation over time. Results from a panel data analysis of 355 companies show that the effect of cognitive complexity on strategic change becomes increasingly negative as the CEO´s tenure progresses. Conversely, the effect of cognitive flexibility on strategic change becomes increasingly positive over the course of the CEO´s tenure. Our study contributes novel insights into the cognitive microfoundations of strategic change by introducing a dynamic perspective on cognitive maps.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title CEO Cognitive Complexity, Cognitive Flexibility, and Strategic Change: The Moderating Role of CEO Tenure
Event 81st Annual Meeting of the Academy of Management
Year 2021
Date 29.06.-05.07.
Country United States/USA
Location Philadelphia
URL https://aom.org/events/annual-meeting

Associations

People
Becker, Philipp Benedikt (Details)
Klarner, Patricia (Details)
Organization
Institute for Organization Design IN (Details)
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