How managers ‘make meaning’ of business tournament rituals

David Sarpong*, Shadrack Asante, Christopher Agyapong Siaw, Nicholas O'Regan, Derrick Boakye

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

In this paper, we examine how managers ‘make meaning’ of business tournament rituals (BTRs)— recognition-based contests in which participating firms get social endorsements and winners receive prestigious awards. In exploring two UK BTRs, we found that managerial orienting systems, made up of beliefs about the identity of their firm, competitors, and customers, and what it takes to compete in their environments, drive managers to compete in BTRs. Their interpretive view of BTRs as sources of strategic capabilities and hard market power, we argue, is constructed, and projected to the viewing public through a set of four distinct but ‘durationally indivisible’temporal frames: validating identity and values, competence signalling, product/service differentiation,and market and industry visibility; these may operate in combination or serially account for the observed managerial preoccupation with BTRs. We discuss the implications of our findings for theory, practice, and future research.
Original languageEnglish
Article number115207
Number of pages13
JournalJournal of Business Research
Volume189
Early online date23 Jan 2025
DOIs
Publication statusPublished - Feb 2025

Bibliographical note

Copyright © 2025 The Authors. Published by Elsevier Inc. This is an open access article distributed under the terms of the Creative Commons CC-BY license (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.

Keywords

  • Business tournament rituals
  • Frames
  • Market power
  • Meaning making
  • Strategic capabilities

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