Exploration and Exploitation in Organizational Learning
Abstract
This paper considers the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning. It examines some complications in allocating resources between the two, particularly those introduced by the distribution of costs and benefits across time and space, and the effects of ecological interaction. Two general situations involving the development and use of knowledge in organizations are...
Paper Details
Title
Exploration and Exploitation in Organizational Learning
Published Date
Feb 1, 1991
Journal
Volume
2
Issue
1
Pages
71 - 87
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Notes
History