When will boards influence strategy? Inclination×power = strategic change

摘要

while boards of directors are usually recognized as having the potential to affect strategic change in organization, there is considerable debate as to whether such potential is typically realized. We seek to reconcile the debate on whether boards are typically passive vs. active players in The strategy realm by developing a model that specifies when boards are likely to influence Organizational strategy and whether such an influence is likely to impel vs. Impede change. Specifically, we develop arguments as to when certain demographic and processual features of Boards imply a greater inclination for strategic change, when these features imply a greater Preference for the status quo, and how differences in such inclinations will influence strategic Change.