CEO Personality, Strategic Flexibility, and Firm Performance: The Case of the Indian Business Process Outsourcing Industry

We examine the relationships between CEO personality, strategic flexibility (ability to adapt quickly to environmental changes), and firm performance, using a sample of 195 small and medium-sized firms from the Indian business process outsourcing industry. We hypothesize that strategic flexibility m...

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Bibliographic Details
Published in:Academy of Management journal 2010-10, Vol.53 (5), p.1050-1073
Main Authors: Nadkarni, Sucheta, Herrmann, Pol
Format: Article
Language:English
Subjects:
Chief executive officers
Corporate governance
Correlation analysis
Environmental change
Financial performance
Flexibility
India
Organizational analysis
Outsourcing
Personality
Senior management
Small and medium sized enterprises
Strategic planning
Studies
Subcontracting
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Summary:We examine the relationships between CEO personality, strategic flexibility (ability to adapt quickly to environmental changes), and firm performance, using a sample of 195 small and medium-sized firms from the Indian business process outsourcing industry. We hypothesize that strategic flexibility mediates the relationships between CEO personality and firm performance. Our results extend previous research by not only highlighting the importance of CEO personality in driving strategic flexibility, but also indicating how each facet of CEO personality either enhances or inhibits strategic flexibility. [PUBLICATION ABSTRACT]
ISSN:0001-4273
1948-0989
DOI:10.5465/amj.2010.54533196