The sustainable executive: antecedents of managerial long-term orientation. Issue 2 (16th June 2017)

• Record Type: Journal Article
• Authors: Sternad, Dietmar; Kennelly, James J.
• Is Part Of: Journal of global responsibility. Volume 8:Issue 2(2017)
• Page Start: 179
• Page End: 195
• Publication Date: 2017-06-16
• Subjects: Sustainability -- Short-termism -- Long-term orientation -- Intertemporal choice -- Temporal orientation; Social responsibility of business -- Periodicals; Social entrepreneurship -- Periodicals; Ethics -- Periodicals; 658.40805
• DOI: 10.1108/JGR-04-2017-0026
• Languages: English
• ISSNs: 2041-2568

Abstract

Abstract : Purpose: The purpose of this paper is to explain how managers incorporate long-term thinking in their decision-making processes as an antipode to a widely criticized managerial short-termism. For this purpose, the authors present a model of the influence of institutional, cultural and individual temporal factors on managerial long-term orientation (LTO). Design/methodology/approach: This conceptual paper is based on a multidisciplinary review of the literature on the causes of managerial LTO. Findings: It is proposed that managerial LTO is influenced by cultural and institutional factors on both a societal and an organizational level, as well as by managers' individual temporal predispositions and the strengths of relational commitments with different stakeholder groups. It is further expected that managerial LTO has an influence on sustainability-related managerial behavior. Practical implications: As the presented model reveals the main factors that orient managers toward the long run in their decisions, it can also be used as a framework to evaluate policies to curb managerial myopia on both an organizational and a societal level. Social implications: As sustainability is intrinsically linked with the ability to think and act in the long term, understanding the factors that influence managerial LTO can also contribute to building more sustainable organizations. Originality/value: One of the main contributions of this paper is that it highlights the link between reciprocal relationships and LTO, an aspect that has not yet been the focus of the literature on the temporal orientation of managers.