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TOP MANAGEMENT TEAM, MACRO ENVIRONMENT, MANAGERIAL DISCRETION AND COMPETITIVE ADVANTAGE

You Zhanglan - PhD Student, University of Nairobi, Kenya

Zachary B. Awino - Lecturer, School of Business, University of Nairobi, Kenya

Kennedy Ogolla - Lecturer, School of Business, University of Nairobi, Kenya


ABSTRACT

This independent paper reviewed studies on top management team, macro environment, managerial discretion and competitive advantage. Most of the studies reviewed have been undertaken in firms in local and international contexts Literature suggests that the contemporary in stable environments, on the other hand, problem solving can be more systematic. The study is guided by following theories which include; Open systems, agency, upper echelon theory and theory of competitive advantage. As indicated by theories top executives see their circumstances through their own profoundly customized focal points due to the administrators' encounters, qualities, identities and other human components. The findings of these studies demonstrate that TMT social heterogeneity is probably going to result in intra-gathering and between gathering enthusiastic clash and association should start limit building programs like preparing, grant grants and at work preparing to defeat the difficulties of rivalry. The more fierce the earth, the more shifted and divided the idea of administrative work. The more prominent the undertaking vulnerability, the more prominent the measure of data that must be handled among leaders amid assignment execution so as to accomplish a given dimension of execution. Fierce situations increment data preparing needs by making new chances and emergencies that frequently require key and basic adjustments. However, there are still unanswered issues which constitute conceptual and methodological knowledge gaps. Notably, the variables seem to have been studied over time, but contradictions exist on some of the relationships while other relationships are yet to be tested empirically.


Full Length Research (PDF Format)