Title: The role of top management teams in the development of resources and capabilities

Authors: Laura B. Cardinal, Donald E. Hatfield, Helaine J. Korn

Addresses: Kenan-Flagler Business School, McColl Building, CB 3490, The University of North Carolina State at Chapel Hill, NC 27599-3490, USA. Pamplin College of Business, Virginia Polytechnic Institute and University, Blacksburg, VA 24061-0233, USA. Department of Management, Zicklin School of Business, Baruch College, CUNY, 17 Lexington Avenue, Box F-1831, New York, NY 10010, USA

Abstract: In this manuscript, we bridge two important, but often separate, streams of strategy research on the core competence perspective and upper echelons theory. We develop a model of how top management team characteristics influence the choices made concerning resources and capabilities pursued by pharmaceutical firms and how those choices impact innovative productivity. In particular, we propose how top management team tenure, education level and functional background, as well as heterogeneity in top management team tenure and functional background, influence product line breadth and the frequency of new product market entry, in-house R&D efforts and strategic alliances.

Keywords: corporate research; innovation; top management teams; pharmaceutical industry; resources; capabilities.

DOI: 10.1504/IJHTM.2002.001149

International Journal of Healthcare Technology and Management, 2002 Vol.4 No.5, pp.363-380

Published online: 01 Jul 2003 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article