Exploration and exploitation in science: Their impact on scientific and technological outcomes

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Abstract

Since March's 1991 seminal article, exploration and exploitation have been extensively studied in the areas of organisational learning, strategic renewal, and technological innovation [Li et al.(2008)]. However, much of the research has focused on exploration as science-based and exploitation as technology-based. This current research effort utilises a unique database to examine the phenomena only in the science arena. The results are that exploration efforts lead to science outcomes, and that both exploration and exploitation efforts have a positive impact on technological outcomes. The managerial implications of these findings are discussed.

Original languageEnglish (US)
Article number1550017
JournalInternational Journal of Innovation Management
Volume19
Issue number2
DOIs
Publication statusPublished - Apr 25 2015

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All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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