The Interplay Between Exploration and Exploitation
Abstract
Exploration and exploitation have emerged as the twin concepts underpinning organizational adaptation research, yet some central issues related to them remain ambiguous. We address four related questions here: What do exploration and exploitation mean? Are they two ends of a continuum or orthogonal to each other? How should organizations achieve balance between exploration and exploitation—via ambidexterity or punctuated equilibrium? Finally,...
Paper Details
Title
The Interplay Between Exploration and Exploitation
Published Date
Aug 1, 2006
Volume
49
Issue
4
Pages
693 - 706
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