The Impact of Top Management Team Attention on Diversification Strategy of Firms

摘要

This paper aims to provide empirical evidence on how the allocation of top management team attention affects firms' strategic decision-making.Drawing upon the upper echelons and attention-based view of the firm,the study firstly uses automated content analysis method to measure the top management team attention by the qualitative data analysis software QSR Nvivo,then through building regression models to examine the relationship between top management team attention and firms' diversification strategy,and finally the results indicate that firms were more likely to choose diversification strategy when their top management paid attention to customers,however,firms whose top management paid attention to competitors were less likely to choose diversification strategy.