Developing Effective Top Management Team at Vietnamese SMEs

• Main Author: Ho, Nhu Hai
• Format: Article
• Language: English
• Published: H. : ĐHQGHN 2019
• Subjects: Collective leadership; Top management team; Effective top management team; SMEs
• Online Access: http://repository.vnu.edu.vn/handle/VNU_123/64793; https://doi.org/10.25073/2588-1108/vnueab.4220
• Institution: Vietnam National University, Hanoi

Despite an increasing number of studies focusing on leadership at Vietnamese small and medium sized enteprises (SMEs), there is a lack of empirical research on collective leadership and development of effective top management team (TMT). The purpose of this paper is to review the literature with a view of characteristics forming an effective TMT. Taking the team effectiveness theory, upper echelons theory and behavioral theory of the firm, theoretical characteristics of effective TMT was created, and then an empirical research was conducted on a sample of 141 SMEs. The common characteristics of an effective TMT are identified, including shared vision, optimal team size, role clarity, age diversity, functional background diversity, regular communication, solidarity and collective decision making. The study makes several contributions to the existing literature on effective TMT development at SMEs.