Organizational attention, managerial bias, and strategic actions under unexpected disruption: Evidence from the COVID-19 pandemic

点击翻译按钮获取中文摘要

Drawing upon the Attention-Based View (ABV) of strategy and behavioral strategy literatures, this research aims to achieve two main objectives. Firstly, it seeks to explore the types of organizational attention that have emerged during the COVID-19 pandemic, specifically focusing on selective focus and structural distribution of attention. Secondly, it aims to investigate the relationships between these types of organizational attention and the likelihood of managerial biases (such as myopic and normalcy biases) as well as the choice of strategic actions. Noteworthy accomplishments to date include conducting a comprehensive literature review, gathering data for pilot testing the hypotheses, and uncovering initial findings. The preliminary findings indicate that firms' attention towards either cost-saving or revenue-generating activities is influenced by factors such as ownership structure, past financial performance, and the presence of strategic alliance partners.