We argue that economists have studied the role of management from three perspectives: contingency theory (CT), an organization-centric empirical approach (OC), and a leader-centric empirical approach (LC). To reconcile these three perspectives, we augment a standard dynamic firm model with...

How do attention capacity and expertise affect the allocation of attention? Adapted from Dessein and Santos (2020), our theory shows that when attention is scarce, a manager focuses her attention on tasks in which she has relatively more expertise: she "manages with style." In contrast, when...