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It is clearly reflected in the literature that the top management team (TMT) had a leading role on strategic decision-making and implementation, but the mechanism of action between the top management team and strategic decision was not effectively explained. In this study, from the view of managerial discretion, we put forward the definition of TMT managerial discretion combined with the role of corporate...
Under settings of China's economic transition period, strategic flexibility is the crucial capability to allow the Chinese small and medium-sized enterprises (SMEs) to proact or respond timely and effectively to quickly changing conditions. Starting from the perspective of top management team (TMT) and its members' leadership sources, this paper explored the impact of TMT managerial discretion on...
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