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

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

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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 languageEnglish
Title of host publicationProceedings of the Eighty-first Annual Meeting of the Academy of Management
EditorsSonia Taneja
Number of pages1
Place of PublicationBriarcliff Manor, NY
PublisherAcademy of Management
Publication date2021
DOIs
Publication statusPublished - 2021
EventThe Academy of Management Annual Meeting 2021: Bringing the Manager Back in Management - Online
Duration: 29 Jul 20214 Aug 2021
Conference number: 81
https://aom.org/events/annual-meeting

Conference

ConferenceThe Academy of Management Annual Meeting 2021
Number81
LocationOnline
Period29/07/202104/08/2021
Internet address
SeriesAcademy of Management Proceedings
ISSN2151-6561

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