ategic decision making’’ (Pansiri, 2005, p. 1105).
Most of the work done on the influence of managers’
characteristics on SME development, strategy, entrepreneurial development, and CSF is influenced by this
school of thought. For instance, Pansiri’s (2007) study
that examined the role of executives’ characteristics in
strategic alliance formation in the Australian SMEdominated travel sector found partial and inconclusive
support of the upper echelon’s perspective by linking
executive characteristics to firm strategy.