M.C. (Mumtaz) Arici
Mumtaz Cagri Arici is a PhD Candidate in the Department of Strategic Management and Business Environment of Rotterdam School of Management. Supervised by Prof. dr. Henk Volberda and Prof. dr. Frans van den Bosch, Mumtaz' research focuses on the boundary spanning aspects of the balance between exploration and exploitation in organzational learning. His research interests include the Knowledge-based view of the firm and self-imitation.
Strategic Renewal through Exploitation and Exploration: Antecedents, Mediators and Outcomes
According to received theory, adaptation and survival in turbulent but also stable environments, is dependent on the balance between exploitation and exploration (cf. March, 1991; Levinthal and March, 1993; Van den Bosch et al. 1999; Volberda and Lewin 2003; Sidhu et al., 2004). Exploitation and exploration can both relate to the supply-side (technology) and the demand-side (market and customers) (Sidhu et al., 2007). Thus far however, conceptual frameworks and empirical evidence at firm level do not address questions such as how incumbent firms deal with exploitation and exploration and to what extent there is a balance between the two and how such a balance emerges. The purpose of the project is twofold. First, to develop a conceptual framework in which various generic organizational modes of dealing with the balance between exploitation and exploration will be distinguished. In doing so, the project builds on Volberda's (1998) conceptual framework and proposes four generic modes of dealing with exploitation and exploration at firm level. Hypotheses will be developed for each mode being characterized by specific managerial and organizational antecedents and by particular values of exploitation/exploration metrics. Secondly, the conceptual framework developed will be tested with data from major European long-lived firms. Based on these findings, a questionnaire will be developed to further investigate key antecedents like dynamic capabilities (Eisenhardt and Martin, 2000), key mediators like the rate of change of the external knowledge environment (Van den Bosch et al., 1999), and key outcome variables like performance.
- Strategic Renewal; Exploitation and Exploration; European Long-lived Firms; Organizational and Managerial Context; Coevolution
- Time frame
- 2007 -
M.C. Arici (2010). Interorganizational Separation of Exploration and Exploitation: Moderators and Outcomes. In Academy of Management Meeting. Montreal, Canada
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