The innovator's dilemma: the performance consequences of sequential or flexible exploration and exploitation patterns in turbulent environments

A. Sabidussi*, B. Lokshin, G. Duysters

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

We investigate the relationship between firm performance and patterns of exploration and exploitation dynamics under conditions of environmental turbulence. Adopting a contingency perspective, we develop arguments on how environmental turbulence moderates the effects of the simultaneous or sequential engagement in exploration and exploitation. Based on a longitudinal sample of 140 pharmaceutical firms, we find that the effectiveness of sequential or flexible simultaneous engagement in ambidexterity varies depending on the environmental contingency, namely level of technological change, that a company faces.
Original languageEnglish
Number of pages13
JournalTechnology Analysis & Strategic Management
DOIs
Publication statusE-pub ahead of print - 7 Sep 2021

Keywords

  • Business & management studies exploration
  • exploitation
  • environmental turbulence
  • Tobin's Q patents
  • STOCK MARKETS VALUATION
  • R-AND-D
  • EMPIRICAL-TEST
  • AMBIDEXTERITY
  • FIRM
  • ANTECEDENTS
  • ALLIANCES
  • SEARCH
  • CAPABILITIES
  • ORGANIZATION

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