TITLE

THE INTERPLAY BETWEEN EXPLORATION AND EXPLOITATION

AUTHOR(S)
Gupta, Anil K.; Smith, Ken G.; Shalley, Christina E.
PUB. DATE
August 2006
SOURCE
Academy of Management Journal;Aug2006, Vol. 49 Issue 4, p693
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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, must all organizations strive for a balance, or is specialization in exploitation or exploration sometimes sufficient for long-run success? We summarize the contributions of the work in this special research forum and highlight important directions for future research.
ACCESSION #
22083026

 

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