Article ID: | iaor20132419 |
Volume: | 59 |
Issue: | 4 |
Start Page Number: | 852 |
End Page Number: | 868 |
Publication Date: | Apr 2013 |
Journal: | Management Science |
Authors: | Hahn Jungpil, Lehman David W |
Keywords: | sports, risk |
This study examines how momentum shapes organizational risk taking. We define momentum as a sustained and systematic trajectory in performance over time, and we argue that such trends impact interpretations of current performance as well as expectations of future performance. Drawing on the variable focus of attention model, we posit that momentum therefore directs the focus of organizational attention between concerns of aspirations, survival, and slack. Our conceptual model accounts for momentum that occurs within a performance period as well as that which occurs across periods. We propose that within‐ and across‐period momentums are unique in terms of