Substantial past research has investigated the effects of top management team composition on strategic change outcomes. In light of the mixed results from these studies, this paper explores the effect of the interdependence of top managers on upper echelon predictions. According to the Upper Echelon Theory, cognitive diversity in a top management team is likely to stimulate innovation and creativity, thus, resulting in greater business model innovation. To study this relationship, we propose a novel method of objective measurement of the adoption of business model innovation. We expect a moderating effect of TMT interdependence on the above upper echelon prediction. The cognitive interactions among top management team members are expected to be dependent on structural factors such as hierarchy, organization structure, and co-dependent reward mechanisms. The investigation of a sample of US publishing firms using panel data regression supports the main hypotheses and reveals interesting insight regarding TMT group processes.,
Academy of Management Annual Conference
Department of Strategic Management and Entrepreneurship

Narayan, S, Volberda, H.W, & Sidhu, J.S. (2017). Understanding Managerial Antecedents of Business Model Innovation. Presented at the Academy of Management Annual Conference. doi:10.5465/ambpp.2017.16573abstract