Time Perspective, Firm Resources, and Dynamic Capabilities

Research on time has received significant and continued attention in the management domain. However, few management scholars have investigated subjective/psychological time (i.e., the individual and collective experience, interpretation, and perception of time), and the specific aspect of time perspective (TP). This is problematic because the (positive and negative) affective, cognitive, psychological, and temporal dynamics (investigated through the TPs) of decision-makers (e.g., CEOs, business unit managers) can lead to firm resources that are differently deployed and firm dynamic capabilities that are differently developed and, concomitantly with efficiency, yield benefits that vary in magnitude. We discuss the relevance and importance of studying TP in strategic management research and we develop propositions on how TP influences the deployment of firm resources and development of dynamic capabilities, challenging the overreliance on objective/clock time in strategy research. We develop TP-related theoretical and methodological implications for future research.