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Introduction to the Symbolic Management Perspective

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0001
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

This chapter introduces the symbolic management perspective as a comprehensive and integrative alternative to conventional economic theories of governance. It describes key tenets of the theory, ... More


Conclusions, Future Research Directions, and Policy Implications

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0010
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we summarize and synthesize key tenets of the symbolic management perspective on corporate governance and strategy. We discuss opportunities for future research on the forms and ... More


Symbolic Management of Process

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0003
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we examine the symbolic management of social processes in firm leadership and governance. We explain how firm leaders engage in verbal impression management about their strategic ... More


Symbolic Management: Governance, Strategy, and Institutions

James Westphal and Sun Hyun Park

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.001.0001
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

This book presents the symbolic management perspective as a comprehensive, behavioral theory of corporate governance. It describes a pervasive pattern of symbolic decoupling, or separation between ... More


Symbolic Management beyond the Firm Level

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0004
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

We describe forms of symbolic management that cross organizational boundaries, including symbolic management by firm leaders about the leadership, strategy, and governance of particular other firms, ... More


Social Network Ties and Symbolic Management

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0006
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we examine social network ties among firm leaders as a key determinant of symbolic management. After reviewing extant theory about the role of board interlock ties in symbolic ... More


Symbolic Management of Policy and Structure

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0002
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we review theory and research suggesting that over a period of several decades, a series of policies and structures emerged as potent forms of symbolic management as a new economic ... More


Boards of Directors and Strategic Management in Public Firms and New Ventures

James D. Westphal and Sam Garg

in Strategic Management: State of the Field and Its Future

Published in print:
2021
Published Online:
October 2021
ISBN:
9780190090883
eISBN:
9780190090920
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190090883.003.0023
Subject:
Business and Management, Organization Studies, Strategy

This chapter examines contemporary theory and research on boards of directors in strategic management. After briefly reviewing the evolution of research on corporate boards and strategic management, ... More


The Social Psychological Dynamics of Symbolic Management

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0009
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

While previous chapters described dyad-level and group-level behavioral processes of symbolic management, in this chapter we examine processes of symbolic management at a more micro-level of ... More


Group-Level Social and Psychological Processes that Support Symbolic Management

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0008
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we examine group-level social and psychological processes that support symbolic management. We describe how social distancing, a kind of social influence in which groups isolate ... More


Social Influence Processes in Leader–Stakeholder Relations

James Westphal and Sun Hyun Park

in Symbolic Management: Governance, Strategy, and Institutions

Published in print:
2020
Published Online:
May 2020
ISBN:
9780198792055
eISBN:
9780191834257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198792055.003.0007
Subject:
Business and Management, Corporate Governance and Accountability, Knowledge Management

In this chapter we describe common social influence processes in relations between firm leaders and external stakeholders, with particular attention to ingratiation, favor rendering, and negative ... More


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