Challenges of Balancing Exploration and Exploitation from the Perspective of Technology-based Companies
Title | Challenges of Balancing Exploration and Exploitation from the Perspective of Technology-based Companies PDF eBook |
Author | Kemal Tuncelli |
Publisher | |
Pages | 51 |
Release | 2016 |
Genre | |
ISBN |
Strategic alignment of innovation to business
Title | Strategic alignment of innovation to business PDF eBook |
Author | Frances Fortuin |
Publisher | BRILL |
Pages | 173 |
Release | 2023-08-28 |
Genre | Business & Economics |
ISBN | 908686628X |
"This book addresses the crucial question for innovative prospector companies of how to bridge the gap between exploration and exploitation. Whereas exploration deals with the search for new ideas and opportunities, exploitation is about incrementally moving the performance bar a little bit higher. Finding the right balance between exploration and exploitation is essential for the long term survival in today’s highly dynamic business environments. In a cross-industry study of ten large, multinational prospector companies, which are world leaders in their respective industries, it was discovered that the 'industry clockspeed', the length between the subsequent product generations, plays an essential role in bridging this gap. The product generation life cycle (PGLC) typically ranged from just several months in short life cycle industries (SLCIs), such as electronics and the mobile phone industry, to (more than) 10 years in long life cycle industries (LLCIs), such as aerospace and pharmaceutics. Our data indicate that companies operating in SLCIs face major problems in maintaining the long term knowledge base of their firms, whereas companies in LLCIs tend to have problems in aligning their innovation strategy to the short term business needs. To investigate the dynamics of strategic alignment, in one of the LLCI companies, a multinational supplier of industrial components, a six-year longitudinal study was conducted. Here our data indicate that finding a funding structure that effectively balances exploration and exploitation, combined with regular structured feedback between the exploration and exploitation function is needed to maintain long term strategic alignment. CTOs and innovation managers can use this book by first establishing the industry clockspeed(s) in their respective industries or product range(s) and then benchmark their innovation processes to those of the first class (SLCI or LLCI) prospector companies included in this book."
Balancing Exploitation and Exploration
Title | Balancing Exploitation and Exploration PDF eBook |
Author | Patrick Schulze |
Publisher | Springer |
Pages | 304 |
Release | 2009-11-09 |
Genre | Business & Economics |
ISBN | 3834983977 |
Patrick Schulze investigates the performance effects and organizational antecedents of innovation strategies and, in particular, ambidexterity.
Exploration and Exploitation in Early Stage Ventures and SMEs
Title | Exploration and Exploitation in Early Stage Ventures and SMEs PDF eBook |
Author | Barak S. Aharonson |
Publisher | Emerald Group Publishing |
Pages | 383 |
Release | 2014-06-18 |
Genre | Business & Economics |
ISBN | 1783506563 |
This volume of Technology, Innovation, Entrepreneurship and Competitive Strategy is devoted to research aimed at understanding the implications of Exploration and Exploitation activities in early-stage ventures and small-and-medium enterprises (SMEs).
Radical Innovation Challenges: Corporate To Climate
Title | Radical Innovation Challenges: Corporate To Climate PDF eBook |
Author | Joe Tidd |
Publisher | World Scientific |
Pages | 487 |
Release | 2023-03-07 |
Genre | Technology & Engineering |
ISBN | 180061411X |
Business and management approaches to innovation tend to focus on incremental changes to existing products and processes, such as new product development, design-thinking, and business model innovation. In contrast, Radical Innovation Challenges focusses on radical and breakthrough innovation, and identifies its distinct sources, organization, processes, and outcomes. This book illustrates conceptual models and practical methods to better understand and manage radical innovation, and provides an argument for an iterative coupling process, between knowledge-push and demand-pull challenges and opportunities.The book draws upon a distinct interdisciplinary body of knowledge to provide a crucial insight into the latest research and experience, and demonstrates how radical innovation practices and policies can be applied to fundamental corporate and social challenges such as climate change.
The Handbook of Technology and Innovation Management
Title | The Handbook of Technology and Innovation Management PDF eBook |
Author | Scott Shane |
Publisher | John Wiley & Sons |
Pages | 504 |
Release | 2008-11-20 |
Genre | Business & Economics |
ISBN | 0470740353 |
This timely handbook represents the latest thinking in the field of technology and innovation management, with an up-to-date overview of the key developments in the field. Under the separate but related headings of market environment; business models; innovation processes; and organizational design; leading scholars contribute essays that chart the important debates and emergent issues in the field of technology and innovation management.
Exploring Digital Innovation
Title | Exploring Digital Innovation PDF eBook |
Author | |
Publisher | Cybellium |
Pages | 227 |
Release | |
Genre | |
ISBN | 1836793065 |
Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com