Leveraging internal and external experience: exploration, exploitation, and R&D project performance
Abstract
Although one tenet in the alliance literature is that firms learn from prior experience, we posit that any potential learning effects depend on the type of experience. In particular, we hypothesize that alliance exploitation experience has positive effects on R&D project performance, while alliance exploration experience has negative effects. We further posit that an internal exploration competence allows firms to leverage their external...
Paper Details
Title
Leveraging internal and external experience: exploration, exploitation, and R&D project performance
Published Date
Jan 25, 2010
Journal
Volume
31
Issue
7
Pages
734 - 758
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