The Antecedents of Exploitation‐Exploration and Their Relationship with Innovation: A Study of Managers' Cognitive Maps

20 Pages Posted: 15 Mar 2016

See all articles by Diego Armando Marin-Idarraga

Diego Armando Marin-Idarraga

Jorge Tadeo Lozano University

José Manuel Hurtado

Universidad Pablo de Olavide

Carmen Cabello‐Medina

Universidad Pablo de Olavide - Business Organization and Marketing Department

Date Written: March 2016

Abstract

Based on the resource‐based view (RBV) and the dynamic capabilities (DC) approach, in this work we carry out a thorough literature review in order to identify which organizational actions and resources act as the main antecedents of exploration and exploitation. Also, by using the cognitive maps technique, we analyse to what extent these antecedents are present in managers' cognitive maps when they develop exploration or exploitation strategies, as well as when they try to develop radical and incremental innovations. Our results show that, firstly, managers develop cognitive maps that match our theoretical proposals about the organizational resources and capabilities that can lead to exploitation and exploration. Secondly, regarding innovation, although the antecedents of exploitation are used by managers as the way towards incremental innovation, some antecedents of exploration are expected to facilitate not only radical but also incremental innovations. These results provide interesting points for reflection on the topics addressed and lead us to conclude that the antecedents of exploration and exploitation should not be seen as separate ways towards different types of innovation, but as sets of resources on which to build configurations that facilitate radical or incremental innovation.

Suggested Citation

Marin-Idarraga, Diego Armando and Hurtado-Gonzalez, Jose-Manuel and Cabello‐Medina, Carmen, The Antecedents of Exploitation‐Exploration and Their Relationship with Innovation: A Study of Managers' Cognitive Maps (March 2016). Creativity and Innovation Management, Vol. 25, Issue 1, pp. 18-37, 2016. Available at SSRN: https://ssrn.com/abstract=2747685 or http://dx.doi.org/10.1111/caim.12139

Diego Armando Marin-Idarraga (Contact Author)

Jorge Tadeo Lozano University ( email )

Carrera 4 # 22 - 61
Bogota, DC Cund 57
Colombia

Jose-Manuel Hurtado-Gonzalez

Universidad Pablo de Olavide ( email )

Carmen Cabello‐Medina

Universidad Pablo de Olavide - Business Organization and Marketing Department

Ctra. Utrera, km.1
Sevilla, 41013
Spain

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