Scholars show continuing interest in top management teams (TMT). This line of research emphasizes their importance for organizational success. This study reveals a clear challenge for researchers; to better understand the relationships between TMT characteristics and firm performance, researchers should consider the firm's environment. Results suggest that environmental complexity moderates the relationship between TMT strategic consensus and performance in Mexican companies. Interestingly, the results contradict initial expectations; lower levels of consensus correlate with higher performance in simple, more than in complex environments. Higher levels of consensus correlate with higher performance, in complex environments.
