Bringing Out Charisma: CEO Charisma and External Stakeholders

Abstract

We present a theory detailing the processes through which CEO charisma affects participants outside the organization. In order to reach this goal, the model extends the range of current theory beyond internal organizational members, linking CEO charisma to those outsiders key to organizational effectiveness: institutional intermediaries and external stakeholders. We discuss several implications suggested by this framework to facilitate future research in this area.