Exploration and Exploitation in Innovation : Reframing the Interpretation

@inproceedings{Li2008ExplorationAE,
  title={Exploration and Exploitation in Innovation : Reframing the Interpretation},
  author={Ying Li and Wim Vanhaverbeke and Wilfred Schoenmakers},
  year={2008}
}
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… CONTINUE READING

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