Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers

Andreas Philipp Distel; John  Källström; Torben Schubert; Wolfgang Sofka

doi:10.5465/AMBPP.2021.16049abstract

Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers

Andreas Philipp Distel, John Källström, Torben Schubert, Wolfgang Sofka

Department of Strategy and Innovation

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

Abstract

The scarcity of skilled managers for finding superior resource configurations is a central constraint to theory and practice of resourced-based strategies of firms. We theorize that firms can overcome this shortage by hiring managers from management consultancies, since this particular work experience allows individuals to train and reveal resource orchestration skills while working with various clients. Theoretically, we integrate mechanisms from the transferability of scarce, valuable human capital across organizational contexts into microfoundational models of resource-based advantages. We analyze 102,639 Swedish firms from 2010 until 2015 and find that firms hiring former consultants as managers initiate more resource reconfigurations and experience higher performance effects from them. Then again, effects depreciate quickly as the context of the hiring firm homogenizes the particular skills of former consultants

Original language	English
Title of host publication	Proceedings of the Eighty-first Annual Meeting of the Academy of Management
Editors	Sonia Taneja
Number of pages	1
Place of Publication	Briarcliff Manor, NY
Publisher	Academy of Management
Publication date	2021
DOIs	https://doi.org/10.5465/AMBPP.2021.16049abstract
Publication status	Published - 2021
Event	The Academy of Management Annual Meeting 2021: Bringing the Manager Back in Management - Online, Virtual, Online Duration: 29 Jul 2021 → 4 Aug 2021 Conference number: 81 https://aom.org/events/annual-meeting

Conference

Conference	The Academy of Management Annual Meeting 2021
Number	81
Location	Online
City	Virtual, Online
Period	29/07/2021 → 04/08/2021
Internet address	https://aom.org/events/annual-meeting

Series	Academy of Management Proceedings
ISSN	2151-6561

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Cite this

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title = "Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers",

abstract = "The scarcity of skilled managers for finding superior resource configurations is a central constraint to theory and practice of resourced-based strategies of firms. We theorize that firms can overcome this shortage by hiring managers from management consultancies, since this particular work experience allows individuals to train and reveal resource orchestration skills while working with various clients. Theoretically, we integrate mechanisms from the transferability of scarce, valuable human capital across organizational contexts into microfoundational models of resource-based advantages. We analyze 102,639 Swedish firms from 2010 until 2015 and find that firms hiring former consultants as managers initiate more resource reconfigurations and experience higher performance effects from them. Then again, effects depreciate quickly as the context of the hiring firm homogenizes the particular skills of former consultants",

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Distel, AP, Källström, J, Schubert, T & Sofka, W 2021, Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers. in S Taneja (ed.), Proceedings of the Eighty-first Annual Meeting of the Academy of Management. Academy of Management, Briarcliff Manor, NY, Academy of Management Proceedings, The Academy of Management Annual Meeting 2021, Virtual, Online, 29/07/2021. https://doi.org/10.5465/AMBPP.2021.16049abstract

Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers. / Distel, Andreas Philipp; Källström, John ; Schubert, Torben et al.
Proceedings of the Eighty-first Annual Meeting of the Academy of Management. ed. / Sonia Taneja. Briarcliff Manor, NY: Academy of Management, 2021. (Academy of Management Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

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AB - The scarcity of skilled managers for finding superior resource configurations is a central constraint to theory and practice of resourced-based strategies of firms. We theorize that firms can overcome this shortage by hiring managers from management consultancies, since this particular work experience allows individuals to train and reveal resource orchestration skills while working with various clients. Theoretically, we integrate mechanisms from the transferability of scarce, valuable human capital across organizational contexts into microfoundational models of resource-based advantages. We analyze 102,639 Swedish firms from 2010 until 2015 and find that firms hiring former consultants as managers initiate more resource reconfigurations and experience higher performance effects from them. Then again, effects depreciate quickly as the context of the hiring firm homogenizes the particular skills of former consultants

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Distel AP, Källström J, Schubert T, Sofka W. Microfoundations of Firm Resource Reconfiguration: The Role of Hiring Former Consultants as Managers. In Taneja S, editor, Proceedings of the Eighty-first Annual Meeting of the Academy of Management. Briarcliff Manor, NY: Academy of Management. 2021. (Academy of Management Proceedings). doi: 10.5465/AMBPP.2021.16049abstract