Diversification strategy and top management team fit.

Matching managers to diversification strategy has drawn out been a cornerstone of strategy implementation research (Finkelstein and Hambrick, 1996; Guthrie and Datta, 1998; Krishnan et al, 1997; Leontiades, 1982; Michel and Harnbrick, 1992; Pitts, 1977; Re and Re 1989; canzonet 1982; Tihanyi et al., 2000) The basic premise underlying this material substance of research is that different strategies attitude different management challenges that, in turn round require systematically different management skills and experiences to be implemented success-fully Managers with backgrounds and skills matched to the critical task demands of a firm's diversification strategy, therefore, should be mirrored in superior financial performance.