Managerial Search and the Pursuit of Opportunity

This dissertation explores the search behavior of CEOs and how this behavior relates to the opportunities they recognize and take action upon. Opportunities are defined in this dissertation as the perception of a novel and appropriate resource combination acted upon or seized for potential gain. As such, recognizing and acting upon opportunities is among the most important roles of a manager. This is particularly true for CEOs since they are most often tasked with setting the strategic direction of the firm. Despite the importance of managers recognizing opportunities, the literature has failed to fully address the behaviors that influence the novelty…

Author: Maggitti, Patrick G

Source: University of Maryland

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