TY - JOUR
T1 - Exploration and exploitation within and across organizations
AU - Lavie, Dovev
AU - Stettner, Uriel
AU - Tushman, Michael L.
PY - 2010/6
Y1 - 2010/6
N2 - Jim March's framework of exploration and exploitation has drawn substantial interest from scholars studying phenomena such as organizational learning, knowledge management, innovation, organizational design, and strategic alliances. This framework has become an essential lens for interpreting various behaviors and outcomes within and across organizations. Despite its straightforwardness, this framework has generated debates concerning the definition of exploration and exploitation, and their measurement, antecedents, and consequences. We critically review the growing literature on exploration and exploitation, discuss various perspectives, raise conceptual and empirical concerns, underscore challenges for further development of this literature, and provide directions for future research.
AB - Jim March's framework of exploration and exploitation has drawn substantial interest from scholars studying phenomena such as organizational learning, knowledge management, innovation, organizational design, and strategic alliances. This framework has become an essential lens for interpreting various behaviors and outcomes within and across organizations. Despite its straightforwardness, this framework has generated debates concerning the definition of exploration and exploitation, and their measurement, antecedents, and consequences. We critically review the growing literature on exploration and exploitation, discuss various perspectives, raise conceptual and empirical concerns, underscore challenges for further development of this literature, and provide directions for future research.
UR - http://www.scopus.com/inward/record.url?scp=77957680144&partnerID=8YFLogxK
U2 - 10.1080/19416521003691287
DO - 10.1080/19416521003691287
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AN - SCOPUS:77957680144
SN - 1941-6520
VL - 4
SP - 109
EP - 155
JO - Academy of Management Annals
JF - Academy of Management Annals
IS - 1
ER -