- Elgar original reference
Edited by Pietro Mazzola and Franz W. Kellermanns
Chapter 2: Shifting Focus from the Determinants to the Origin: The Foundations of a Dynamic View of Managerial Discretion
Ingo Kleindienst and Thomas Hutzschenreuter INTRODUCTION One of the most pervasive issues in the strategic management literature is the question of whether organizational adaptation is environmentally or managerially derived. In particular, at issue is the question of whether managers matter and, if so, under what circumstances (Boyd and Gove, 2006). In response to the two opposing views that have historically developed – that is, voluntarism (Andrews, 1971; Child, 1972) and determinism (Aldrich, 1979; Hannan and Freeman, 1984) – Hambrick and Finkelstein (1987) proposed the concept of managerial discretion. The concept was developed to represent the degree to which managers possess latitude of action, thereby reconciling the aforementioned two polar views. Over the past two decades the concept of managerial discretion has proven to be very appealing conceptually and has been widely cited in leading strategic management journals.1 However, as Keegan and Kabanoff (2008) have pointed out, the difficulty of operationalizing managerial discretion has led the concept to perhaps have far less impact on the strategic management literature to date than it should have (Ketchen et al., 2008). This assessment was further corroborated by Boyd and Gove’s (2006) review, revealing a total of only 16 studies that have empirically explored managerial discretion. Even more striking is the fact that to date no study has taken a dynamic view of managerial discretion, despite the fact that Hambrick and Finkelstein (1987: 403) called for the development of such a temporal, dynamic view. However, as Finkelstein and Peteraf (2007: 244) have emphasized, the question of how...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.