The Multifaceted Nature of Exploration and Exploitation: Value of Supply, Demand, and Spatial Search for Innovation

Published Online:https://doi.org/10.1287/orsc.1060.0212

References

  • Abernathy W. J., Clark K. B. Innovation: Mapping the winds of creative destruction. Res. Policy (1985) 14:3–22CrossrefGoogle Scholar
  • Abernathy W. J., Utterback J. M. Patterns of industrial innovation. Tech. Rev. (1978) 50:41–47Google Scholar
  • Ahuja G., Katila R. Where do resources come from? The role of idiosyncratic situations. Strategic Management J. (2004) 25:887–907CrossrefGoogle Scholar
  • Ahuja G., Lampert C. M. Entrepreneurship in the large corporation: A longitudinal study of how established firms create breakthrough inventions. Strategic Management J. (2001) 22:521–543CrossrefGoogle Scholar
  • Aiken L., West S.Multiple Regression: Testing and Interpreting Interactions (1991) (Sage, Newbury Park, CA) Google Scholar
  • Aiken M., Hage J. Organizational independence and intra-organizational structure. Amer. Sociol. Rev. (1968) 33:912–930CrossrefGoogle Scholar
  • Almeida P. Knowledge sourcing by foreign multinationals: Patent citation analysis in the U.S. semiconductor industry. Strategic Management J. (1996) 17:155–165CrossrefGoogle Scholar
  • Almeida P., Kogut B. Localization of knowledge and the mobility of engineers in regional networks. Management Sci. (1999) 45:905–917LinkGoogle Scholar
  • Barkema H. G., Bell J. H. J., Pennings J. M. Foreign entry, cultural barriers, and learning. Strategic Management J. (1996) 17:151–166CrossrefGoogle Scholar
  • Bevan A. The UK potato crisp industry, 1960–1972: A study of new entry competition. J. Indust. Econom. (1974) 22:281–297CrossrefGoogle Scholar
  • Boyd B. K., Reuning-Elliott E. A measurement model of strategic planning. Strategic Management J. (1998) 19:181–192CrossrefGoogle Scholar
  • Bulow J. I., Geanakoplos J. D., Klemperer P. D. Multimarket oligopoly: Strategic substitutes and complements. J. Political Econom. (1985) 93:488–511CrossrefGoogle Scholar
  • Burns T., Stalker G. M.The Management of Innovation (1961) (Tavistock, London, UK) Google Scholar
  • Chang S. J. International expansion strategy of Japanese firms: Capability building through sequential entry. Acad. Management J. (1995) 38:383–407CrossrefGoogle Scholar
  • Cho H. J., Pucik V. Relationship between innovativeness, quality, growth, profitability, and market share. Strategic Management J. (2005) 26:555–575CrossrefGoogle Scholar
  • Christensen C. M., Bower J. L. Customer power, strategic investment, and the failure of leading firms. Strategic Management J. (1996) 17:197–218CrossrefGoogle Scholar
  • Churchill G. A. A paradigm for developing better measures of marketing constructs. J. Marketing Res. (1979) 16:64–73CrossrefGoogle Scholar
  • Clark K. B., Fujimoto T.Product Development Performance: Strategy, Organization, and Management in the World Auto Industry (1991) (Harvard Business School Press, Boston, MA) Google Scholar
  • Cohen W. M., Levinthal D. A. Innovation and learning: The two faces of R&D. Econom. J. (1989) 99:569–596Google Scholar
  • Conant J. S., Mokwa M. P., Varadarajan P. R. Strategic types, distinctive marketing competencies and organizational performance. Strategic Management J. (1990) 11:365–383CrossrefGoogle Scholar
  • Cooper L. G., Inoue A. Building market structures from consumer preferences. J. Marketing Res. (1996) 33:293–306CrossrefGoogle Scholar
  • Cusumano M.The Japanese Automobile Industry (1985) (Harvard University Press, Cambridge, MA) CrossrefGoogle Scholar
  • Cyert R. M., March J. G.A Behavioral Theory of the Firm (1963) (Prentice-Hall, Englewood Cliffs, NJ) Google Scholar
  • Damanpour F. Organizational innovation: A meta-analysis of effects of determinants and moderators. Acad. Management J. (1991) 34:555–590CrossrefGoogle Scholar
  • Day G. S. The capabilities of market-driven organizations. J. Marketing (1994) 58:37–52CrossrefGoogle Scholar
  • Day G. S., Shocker A. D., Srivastava R. K. Customer-oriented approaches to identifying product markets. J. Marketing (1979) 43:8–19CrossrefGoogle Scholar
  • Dess G., Beard D. Dimensions of organizational task environments. Admin. Sci. Quart. (1984) 29:52–73CrossrefGoogle Scholar
  • Dong-Jae K., Kogut B. Technological platforms and diversification. Organ. Sci. (1996) 7:283–301LinkGoogle Scholar
  • Dosi G. Technological paradigms and technological trajectories. Res. Policy (1982) 11:147–162CrossrefGoogle Scholar
  • Dosi G. Sources, procedures, and microeconomic effects of innovation. J. Econom. Literature (1988) 26:1120–1171Google Scholar
  • Dougherty D., Hardy C. Sustained product innovation in large, mature organizations: Overcoming innovation-to-organization problems. Acad. Management J. (1996) 39:1120–1153CrossrefGoogle Scholar
  • Eisenhardt K. M., Martin J. A. Dynamic capabilities: What are they? Strategic Management J. (2000) 21:1105–1121CrossrefGoogle Scholar
  • Fleming L. Recombinant uncertainty in technological search. Management Sci. (2001) 47:117–132LinkGoogle Scholar
  • Fleming L., Sorenson O. Technology as a complex adaptive system: Evidence from patent data. Res. Policy (2001) 30:1019–1039CrossrefGoogle Scholar
  • Frosch R.Res.-Tech. Management (1996) 39(Nov.–Dec.):22–27Google Scholar
  • Gibson C. B., Birkinshaw J. The antecedents, consequences, and mediating role of organizational ambidexterity. Acad. Management J. (2004) 47:209–229CrossrefGoogle Scholar
  • Grant R. Prospering in dynamically competitive environments: Organization capability as knowledge integration. Organ. Sci. (1996) 7:375–387LinkGoogle Scholar
  • Hamel G., Prahalad C. K.Competing for the Future (1994) (Harvard Business School Press, Boston, MA) Google Scholar
  • Hargadon A.How Breakthroughs Happen: The Surprising Truth About How Companies Innovate (2003) (Harvard Business School Press, Boston, MA) Google Scholar
  • Hargadon A., Fanelli A. Action and possibility: Reconciling dual perspectives of knowledge in organizations. Organ. Sci. (2002) 13:290–302LinkGoogle Scholar
  • Hargadon A., Sutton R. I. Technology brokering and innovation in a product development firm. Admin. Sci. Quart. (1997) 42:716–749CrossrefGoogle Scholar
  • He Z.-L., Wong P.-K. Exploration vs. exploitation: An empirical test of the ambidexterity hypothesis. Organ. Sci. (2004) 15:481–494LinkGoogle Scholar
  • Helfat C. E. Evolutionary trajectories in petroleum firm R&D. Management Sci. (1994) 40:1720–1747LinkGoogle Scholar
  • Henderson R. M., Clark K. B. Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Admin. Sci. Quart. (1990) 35:9–30CrossrefGoogle Scholar
  • Hitt M. A., Hoskisson R. E., Kim H. International diversification: Effects of innovation and firm performance in product-diversified firms. Acad. Management J. (1997) 40:767–798CrossrefGoogle Scholar
  • Hrebiniak L. G., Joyce W. F. Organizational adaptation: Strategic choice and environmental determinism. Admin. Sci. Quart. (1985) 30:336–349CrossrefGoogle Scholar
  • Huber G. P. Organizational learning: An examination of the contributing processes and the literatures. Organ. Sci. (1991) 2:88–115CrossrefGoogle Scholar
  • Jansen J. P., van den Bosch F. A. J., Volberda H. W. Exploratory innovation, exploitative innovation, and performance: Effects of organizational antecedents and environmental moderators. Management Sci. (2006) 52:1661–1674LinkGoogle Scholar
  • Jelinek M., Dansereau F., Yammarino F. Making sense of strategic change: A problem of learning and levels. Research in Multi-Level Issues (2003) 2(Elsevier, New York) 373–390CrossrefGoogle Scholar
  • Kadiyali V. Entry, its deterrence, and its accommodation: A study of the U.S. photographic film industry. RAND J. Econom. (1996) 27:452–478CrossrefGoogle Scholar
  • Karnani A., Wernerfelt B. Multiple point competition. Strategic Management J. (1985) 6:87–96CrossrefGoogle Scholar
  • Katila R. New product search over time: Past ideas in their prime? Acad. Management J. (2002) 45:995–1010CrossrefGoogle Scholar
  • Katila R., Ahuja G. Something old, something new: A longitudinal study of search behavior and new product introduction. Acad. Management J. (2002) 45:1183–1194CrossrefGoogle Scholar
  • Klepper S. Entry, exit, growth and innovation over the product life cycle. Amer. Econom. Rev. (1996) 86:560–581Google Scholar
  • Kogut B., Zander U. Knowledge of the firm, combinative capabilities, and the replication of technology. Organ. Sci. (1992) 3:383–397LinkGoogle Scholar
  • Kohli A. K., Jaworski B. J. Market orientation: The construct, research propositions, and managerial implications. J. Marketing (1990) 54(April):1–18CrossrefGoogle Scholar
  • Koza M. P., Lewin A. Y. The coevolution of strategic alliances: A longitudinal analysis of an international professional service. Organ. Sci. (1998) 9:255–264LinkGoogle Scholar
  • Kuemmerle W. Foreign direct investment in industrial research in the pharmaceutical and electronics industries-results from a survey of multinational firms. Res. Policy (1999) 28:179–193CrossrefGoogle Scholar
  • Levinthal D. A., March J. G. A model of adaptive organizational search. J. Econom. Behavorial Organ. (1981) 2:307–333CrossrefGoogle Scholar
  • Levinthal D. A., March J. G. The myopia of learning. Strategic Management J. (1993) 14:95–112CrossrefGoogle Scholar
  • Levitt T. Marketing myopia. Harvard Bus. Rev. (1960) 38(July–August):45–56Google Scholar
  • Lewin A. Y., Long C. P., Carroll T. N. The coevolution of new organizational forms. Organ. Sci. (1999) 10:535–550LinkGoogle Scholar
  • Manu F. A. Innovation orientation, environment and performance: A comparison of U.S. and European markets. J. Internat. Bus. Stud. (1992) 23:333–359CrossrefGoogle Scholar
  • March J. G. Exploration and exploitation in organizational learning. Organ. Sci. (1991) 2:71–87LinkGoogle Scholar
  • Markides C. Strategic innovation. Sloan Management Rev. (1997) 38(Spring):9–23Google Scholar
  • Martin X., Mitchell W. The influence of local search and performance heuristics on new design introduction in a new product market. Res. Policy (1998) 26:753–771CrossrefGoogle Scholar
  • McGrath R. G. Exploratory learning, innovative capacity and managerial oversight. Acad. Management J. (2001) 44:118–131CrossrefGoogle Scholar
  • Meyer A. Adjusting to environmental jolts. Admin. Sci. Quart. (1982) 27:515–538CrossrefGoogle Scholar
  • Miller D. The structural and environmental correlates of business strategy. Strategic Management J. (1987) 8:55–76CrossrefGoogle Scholar
  • Nelson R. R., Winter S. G.An Evolutionary Theory of Economic Change (1982) (Harvard University Press, Cambridge, MA) Google Scholar
  • Nerkar A. Old is gold? The value of temporal exploration in the creation of new knowledge. Management Sci. (2003) 49:211–229LinkGoogle Scholar
  • Nerkar A., Roberts P. W. Technological and product-market experience and the success of new product introductions in the pharmaceutical industry. Strategic Management J. (2004) 25:779–799CrossrefGoogle Scholar
  • Nohria N., Gulati R. Is slack good or bad for innovation? Acad. Management J. (1996) 39:1245–1264CrossrefGoogle Scholar
  • Park S. H., Chen R., Gallagher S. Firm resources as moderators of the relationship between market growth and strategic alliances in semiconductor start-ups. Acad. Management J. (2002) 45:527–545CrossrefGoogle Scholar
  • Podsakoff P. M., Organ D. W. Self-reports in organizational research: Problems and prospects. J. Management (1986) 12:531–544CrossrefGoogle Scholar
  • Porter M. E.Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980) (The Free Press, New York) Google Scholar
  • Ratliff J. M. NTT DoCoMo and its I-mode success: Origins and implications. California Management Rev. (2002) 44(Spring):55–71CrossrefGoogle Scholar
  • Reich R. B., Mankin E. D. Joint ventures with Japan give away our future. Harvard Bus. Rev. (1986) 64(March–April):78–86Google Scholar
  • Rivkin J. W., Siggelkow N. Balancing search and stability: Interdependencies among elements of organizational design. Management Sci (2003) 49:290–311LinkGoogle Scholar
  • Rosenberg N.Technology and American Economic Growth (1972) (M. E. Sharpe, Armonk, NY) Google Scholar
  • Rosenkopf L., Almeida P. Overcoming local search through alliances and mobility. Management Sci. (2003) 49:751–766LinkGoogle Scholar
  • Rosenkopf L., Nerkar A. Beyond local search: Boundary-spanning, exploration, and impact in the optical disk industry. Strategic Management J. (2001) 22:287–306CrossrefGoogle Scholar
  • Rothaermel F. T. Incumbent’s advantage through exploiting complementary assets via interfirm cooperation. Strategic Management J. (2001) 22:687–699CrossrefGoogle Scholar
  • Rugman A. M.International Diversification and the Multinational Enterprise (1979) (Lexington Books, Lexington, MA) Google Scholar
  • Sahal D. Technological guideposts and innovation avenues. Res. Policy (1985) 14:61–82CrossrefGoogle Scholar
  • Sarkar M. B., Cavusgil S. T., Aulakh P. S. International expansion of telecommunication carriers: The influence of market structure, network characteristics, and entry imperfections. J. Internat. Bus. Stud. (1999) 30:361–382CrossrefGoogle Scholar
  • Schilling M. A. Technological leapfrogging: Lessons from the U.S. video game console industry. California Management Rev. (2003) 45(Spring):6–32CrossrefGoogle Scholar
  • Schumpeter J.Capitalism, Socialism, and Democracy (1950) 3rd ed.(Harper, New York) Google Scholar
  • Shan W., Hamilton W. Country-specific advantage and international cooperation. Strategic Management J. (1991) 12:419–432CrossrefGoogle Scholar
  • Sidhu J. S., Volberda H. W., Commandeur H. R. Exploring exploration orientation and its determinants: Some empirical evidence. J. Management Stud. (2004) 41:913–932CrossrefGoogle Scholar
  • Slater S. F., Narver J. C. Customer-led and market-oriented: Let’s not confuse the two. Strategic Management J. (1998) 19:1001–1006CrossrefGoogle Scholar
  • Stuart T. E., Podolny J. M. Local search and the evolution of technological capabilities. Strategic Management J. (1996) 17(Summer special issue):21–38Google Scholar
  • Suárez F. F., Utterback J. M. Dominant designs and the survival of firms. Strategic Management J. (1995) 16:415–430CrossrefGoogle Scholar
  • Takeuchi H., Nonaka I. The new product development game. Harvard Bus. Rev. (1986) 64(Jan–Feb):137–146Google Scholar
  • Teece D. J., Teece D. J. Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. The Competitive Challenge (1987) (Ballinger, Cambridge, MA) 185–219Google Scholar
  • Tushman M. L., Anderson P. Technological discontinuities and organizational environments. Admin. Sci. Quart. (1986) 31:439–465CrossrefGoogle Scholar
  • Utterback J. M.Mastering the Dynamics of Innovation (1994) (Harvard Business School Press, Boston, MA) Google Scholar
  • Vachani S. Distinguishing between related and unrelated international geographic diversification: A comprehensive measure of global diversification. J. Internat. Bus. Stud. (1991) 22:307–322CrossrefGoogle Scholar
  • Venkatraman N., Grant J. H. Construct measurement in organizational strategy research: A critique and proposal. Acad. Management Rev. (1986) 11:71–87CrossrefGoogle Scholar
  • Vernon R. International investment and international trade in the product cycle. Quart. J. Econom. (1966) 81:190–207CrossrefGoogle Scholar
  • Volberda H. W.Building the Flexible Firm: How to Remain Competitive (1998) (Oxford University Press, Oxford, UK) Google Scholar
  • Volberda H. W., van den Bosch F. A. J., Flier B., Gedajlovic E. R. Following the herd or not? Patterns of strategic renewal in the Netherlands and the UK. Long Range Planning (2001) 34:209–229CrossrefGoogle Scholar
  • von Hippel E.The Sources of Innovation (1988) (Oxford University Press, Oxford, UK) Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.