Abstract

http://ssrn.com/abstract=1130524
 
 

References (63)



 
 

Citations (5)



 


 



Exploration and Exploitation in Innovation: Reframing the Interpretation


Ying Li


Hasselt University

Wim Vanhaverbeke


Hasselt University; ESADE Business School; National University of Singapore (NUS)

Wilfred Schoenmakers


affiliation not provided to SSRN


Creativity and Innovation Management, Vol. 17, Issue 2, pp. 107-126, June 2008

Abstract:     
There has been a burgeoning literature about exploitation and exploration since March's seminal article in 1991. However, in reviewing the extant literature we find different interpretations of both concepts leading to ambiguity and even some inconsistency. This paper focuses in particular on the interpretation of exploration and exploitation in the literature on technological innovation. It addresses two critical research questions. First, what are the different interpretations of exploitation and exploration? Second, how can we set up a framework that reconciles these differences and reduces the ambiguity that we find in the literature? To answer these two questions, we first explain what the root causes of these different viewpoints are. Second, we provide a theoretical framework that integrates the different perspectives, sets up a new typology to define exploration and exploitation, identifies white spaces in the current research and provides guidance for future research.

Number of Pages in PDF File: 20

Accepted Paper Series


Date posted: May 8, 2008  

Suggested Citation

Li, Ying and Vanhaverbeke, Wim and Schoenmakers, Wilfred, Exploration and Exploitation in Innovation: Reframing the Interpretation. Creativity and Innovation Management, Vol. 17, Issue 2, pp. 107-126, June 2008. Available at SSRN: http://ssrn.com/abstract=1130524 or http://dx.doi.org/10.1111/j.1467-8691.2008.00477.x

Contact Information

Ying Li
Hasselt University ( email )
Agoralaan - building D
Gebouw D
Diepenbeek, 3590
Belgium
Wim Vanhaverbeke
Hasselt University ( email )
Agoralaan - building D
Gebouw D
Diepenbeek, 3590
Belgium
+3216623663 (Phone)
+3216623663 (Fax)
HOME PAGE: http://wimvanhaverbeke.be
ESADE Business School
Av. de Pedralbes, 60-62
Barcelona, 08034
Spain
National University of Singapore (NUS) ( email )
Bukit Timah Road 469 G
Singapore, 117591
Singapore
Wilfred Schoenmakers
affiliation not provided to SSRN
Feedback to SSRN


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References:  63
Citations:  5

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