The Rigorous Prudence and Innovative Spirit of "Literati Executives": An Overview

Abstract

A number of studies have been conducted on the influence of academic executives on corporate innovation, and it has been concluded that "literary executives" can promote corporate innovation. However, it is well known that the academic experience makes executives develop a rigorous and prudent mindset, and they should be more inclined to risk-averse and prudent strategies, so how can they promote innovation with high risk characteristics? In order to answer this question, the article reviews and summarizes the prudence of "literary executives" and the entrepreneurial spirit that includes innovation, and suggests that the prudence perspective may help us better understand the underlying mechanisms of academic executives' innovation promotion.