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Correcting The Paradox Of Success A Managerial

Correcting the Paradox of Success: A Managerial Cognition Perspective

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Title: Correcting the Paradox of Success: A Managerial Cognition Perspective

Essay Details:

Subject: Business

Author: Steven S

Date: October 9, 2011

Level: University

Grade: A

Length: 10 / 2812

Essay text:

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 heterogeneity and effectiveness makes cohesive structure a suboptimal choice in stable environment...

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