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Journal of the Academy of Marketing Science

, Volume 45, Issue 5, pp 633–656 | Cite as

Me, myself, and I: influence of CEO narcissism on firms’ innovation strategy and the likelihood of product-harm crises

  • Saim KashmiriEmail author
  • Cameron Duncan Nicol
  • Sandeep Arora
Original Empirical Research

Abstract

This research examines the relationship between narcissistic personality characteristics in Chief Executive Officers (CEOs) and firms’ innovation outcomes. The authors argue that firms led by narcissistic CEOs are likely to exhibit a higher rate of new product introductions and a greater proportion of radical innovations in their new product portfolios, but they are also more likely to encounter product-harm crises. The impact of CEO narcissism on these innovation outcomes is partially mediated by firms’ higher competitive aggressiveness. High power of the marketing department in the top management team, however, increases firms’ customer orientation, which in turn weakens the relationship between CEO narcissism and product-harm crises. A longitudinal analysis of a sample of 395 publicly listed U.S. firms in the period 2006–2010 provides considerable support for the authors’ hypotheses. This research underscores the importance of studying CEOs’ personality traits as antecedents of firms’ innovation outcomes, highlights the positive and negative impact of CEO narcissism on firms’ innovation-related behavior, and delineates the process through which this impact takes place.

Keywords

CEO narcissism Competitive aggressiveness Customer orientation Innovation Product-harm crises Marketing department power 

Notes

Acknowledgements

The authors thank the marketing faculty at the University of Mississippi for their insightful comments on a previous version of the paper. The authors also thank the Editor, the Area editor, and three anonymous reviewers for their very constructive suggestions.

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Copyright information

© Academy of Marketing Science 2017

Authors and Affiliations

  • Saim Kashmiri
    • 1
    Email author
  • Cameron Duncan Nicol
    • 2
  • Sandeep Arora
    • 3
  1. 1.School of Business AdministrationUniversity of MississippiUniversityUSA
  2. 2.McAfee School of BusinessUnion UniversityJacksonUSA
  3. 3.Asper School of WinnipegUniversity of ManitobaWinnipegCanada

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