Balancing exploration and exploitation across boundaries: Evidence from new product development

IF 3.8 4区 管理学 Q2 BUSINESS
Marlon Fernandes Rodrigues Alves, L. Pacheco, S. Galina
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Abstract

Exploration and exploitation have opposite natures; therefore, balancing the two presents a key challenge for firms. Recent studies have argued that firms can combine exploration (exploitation) capabilities with exploitation (exploration) partnerships to surmount this obstacle. However, little is known about how accumulated capabilities for exploring and exploiting activities shape the ways in which firms select partnerships. We examine this question by leveraging a unique data set on new product development in the Brazilian manufacturing sector that has 19,081 observations over a 14-year span. Contrary to the expectation of complementarity, in which the greater capability of one type (e.g., exploitation) is associated with selecting a partnership of another type (e.g., exploration), our findings suggest that increases in capabilities of any type are associated with exploration partnerships. We provide alternative explanations for our findings, highlight implications for theory and practice, and discuss potential avenues for future research. JEL CLASSIFICATION: O31, M13, L14
跨越边界平衡探索和开发:来自新产品开发的证据
勘探和开发具有对立的性质;因此,平衡这两者对企业来说是一个关键的挑战。最近的研究认为,公司可以将勘探(开发)能力与开发(勘探)伙伴关系结合起来,以克服这一障碍。然而,对于探索和开发活动的累积能力如何影响企业选择合作伙伴的方式,人们知之甚少。我们通过利用巴西制造业新产品开发的独特数据集来研究这个问题,该数据集在14年的时间跨度内有19,081个观察结果。与互补性的预期相反,在互补性中,一种类型(例如,开发)的更大能力与选择另一种类型(例如,勘探)的伙伴关系有关,我们的研究结果表明,任何类型的能力增加都与勘探伙伴关系有关。我们为我们的发现提供了不同的解释,强调了理论和实践的意义,并讨论了未来研究的潜在途径。凝胶分类:o31, m13, 14
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来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
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