Correcting The Paradox Of Success: A Managerial Cognition Perspective
Abstract
Research has shown that past organizational success leads to strategic persistence, which, in constantly changing environment, might be dysfunctional, and might lead to organizational demise. Such phenomenon was termed as “paradox of success” (Audia & Locke, 2000). Adopting a managerialist view, this paper attempts to explain the paradox of success from a managerial cognition perspective. A system dynamics model is formalized to replicate the paradox of success and to incorporate the process of knowledge structure formation in the top management team. The key to the survival in face of major environmental changes is the awareness of the knowledge structure appropriateness, and the promptness in updating the knowledge structure. One way to safeguard knowledge structure appropriateness is to maintain sufficient degree of heterogeneity of knowledge structure in top management team. The model generates several propositions: (1) The tradeoff between top management team......
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Approximate Word Count: 2717
Approximate Pages: 11 (250 words per double-spaced page)
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