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dc.contributor.authorFehre, Kerstin
dc.contributor.authorWidmann, Bettina
dc.date.accessioned2019-01-14T14:14:12Z
dc.date.available2019-01-14T14:14:12Z
dc.date.issued2018
dc.identifier.doi10.5465/AMBPP.2018.15944 abstract
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6069
dc.description.abstractThis study examines how CEO temporal focus – the extent to which CEOs devotes their attention to the past, present, and future – shapes strategic responses to global grand challenges such as natural resource scarcity. Analyzing water scarcity as one of the global risks of highest concern, we propose that CEO attention to the present and future are critical in addressing the inherent time conflict of managing natural resource scarcity. Using an 11- year panel data set of large- and medium-sized German firms, we find support for our three hypotheses: CEOs who are high in present focus tend to integrate water scarcity in their firm’s strategy only as a pure threat. However, to tackle the grand challenge of water scarcity – in terms of recognizing and implementing valuable water-related business opportunities – they need to be future-oriented. Additionally, we find evidence that future-oriented CEOs shy away from identifying water scarcity as a pure threat without initiating specific mitigating and value-creating strategic actions. These findings contribute to the literature on strategic implications of CEOs’ subjective view of time.
dc.language.isoen
dc.publisherAcademy of Management
dc.subjectEntrepreneurship
dc.titleTime for future is now - CEO temporal focus and firms' strategic responses to water challenges
dc.source.volume2018
dc.source.issue1
vlerick.conferencedate10/08/2018-14/08/2018
vlerick.conferencelocationChicago, United States
vlerick.conferencename78th Annual Meeting of the Academy of Management
vlerick.knowledgedomainEntrepreneurship
vlerick.typeconfpresConference Proceeding
vlerick.vlerickdepartmentEGS
dc.identifier.vperid242144


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