Attention as the mediator between top management team characteristics and strategic change: The case of airline deregulation

• 成果类型: Review
• 署名作者: Cho, Theresa S.; Hambrick, Donald C.
• 署名单位: Rutgers University System; Rutgers University New Brunswick; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1060.0192
• 发表日期: 2006
• 页码: 453-469
• 关键词: TOP MANAGEMENT TEAM; managerial attention; Executive compensation; ORGANIZATIONAL DEMOGRAPHY; STRATEGIC CHANGE; airline industry

摘要

We integrate the upper-echelons perspective with the attention-based view of the firm by examining the role of attentional orientation of top management teams (TMTs). In the context of airline deregulation, we find that deregulation caused a shift in managerial attention, but that this shift in attention was the greatest for firms that changed the composition and compensation of their TMTs in ways that favored the deregulated regime. We also find that attention partially mediated the relationship between TMT changes and strategy changes. The results of this study shed light on the transformation of industry attention patterns following an environmental shift, and the role of TMT composition and incentive systems in that process.