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    Exploration and exploitation within and across intra-organisational domains and their reactions to firm-level failure


    Su, Peiran and McNamara, Peter (2012) Exploration and exploitation within and across intra-organisational domains and their reactions to firm-level failure. Technology Analysis & Strategic Management, 24 (2). pp. 129-149. ISSN 0953-7325

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    Abstract

    This study examines the evolution of exploration and exploitation within intra-organisational domains, specifically, the technological and market knowledge domains in high-technology firms. It simultaneously tests the interaction between exploration and exploitation across domains. Furthermore, this paper examines the impact of firm-level failure experience on exploration and exploitation within each domain. Based on longitudinal analysis of crossnational panel data on drug development initiatives obtained from 191 biopharmaceutical firms from 1990 to 2008, we find a negative relationship between firms’ innovation experience and exploration orientation within domains. Technological exploration and market exploration are competing with each other. We further find that failure experience stimulates technological search but not market search. This work contributes to the exploration and exploitation literature by extending domain separation to the internal context of an organisation theoretically and empirically. It further contributes by using performance feedback theory to explore the impact of failure on exploration and exploitation.

    Item Type: Article
    Additional Information: The definitive version of this article is available at Peiran Su & Peter McNamara (2012) Exploration and exploitation within and across intra-organisational domains and their reactions to firm-level failure, Technology Analysis & Strategic Management, 24:2, 129-149, DOI: 10.1080/09537325.2012.647639
    Keywords: exploration exploitation; failure experience; domain separation; technological domain; market domain; research and development; pharmaceuticals; clinical trials;
    Academic Unit: Faculty of Social Sciences > School of Business
    Item ID: 5609
    Identification Number: https://doi.org/10.1080/09537325.2012.647639
    Depositing User: Peter McNamara
    Date Deposited: 10 Dec 2014 16:01
    Journal or Publication Title: Technology Analysis & Strategic Management
    Publisher: Taylor & Francis
    Refereed: Yes
    URI:

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