Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1014670 | Business Horizons | 2007 | 11 Pages |
Abstract
In today's fast-paced competitive environment, firms face the need to be increasingly nimble and adaptive. While often able to establish a certain level of performance based upon existing technologies, firms are equally as often to be left flat-footed in the face of emerging, novel technologies. We discuss strategic entrepreneurship as the means through which firms simultaneously exploit their current competitive advantages while exploring for future opportunities. Achieving a balance between exploration and exploitation consists of more than merely allocating resources evenly between the two processes. As discussed, exploration and exploitation are operationally, structurally, and culturally distinct processes.
Related Topics
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Authors
R. Duane Ireland, Justin W. Webb,