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This study examines an important potential conflict between the institutional, governance, and strategic functions of boards. We specifically test how higher levels of board size and diversity, traditionally associated with optimal institutional and governance performance of boards, affect the boards ability to initiate strategic changes during periods of environmental turbulence. Our findings suggest that board diversity, in particular, may be a significant constraint on strategic change.

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We propose that strength of character is a potentially important organizational research topic, one that has been largely untapped in applied research. Character (ethos) refers to those inter-penetrable habitual qualities within individuals and applicable to organizations that constrain and lead them to desire and pursue personal and societal good. In our review, we first provide an initial conceptualization of character, partly by distinguishing it from virtue and values. Second, starting with the Old Testament, we examine how character has traditionally been considered across time and culture. Next, we discuss the extant research on strength of character and organizational virtue. We conclude with promising research directions involving individual character strength and organizational virtue.