While there is a general scholarly and managerial consensus that TMTs
play a decisive role in influencing firm fortunes by setting the strategic course of a
firm, this article shows how TMTs may matter in more ways than we presently
understand. We found that TMT local and nonlocal search deepens and broadens
a firm’s stock of knowledge and that TMT experience diversity and vision unity
affect the recombination of knowledge-stock elements into exploitative and
explorative innovations. We hope that the impact of TMTs that we have identified
on new knowledge creation will inspire further research on this crucial topic as we
move towards a globalized society, in which, innovation is likely to the prime
determinant of firm survival and success.