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| Author: | Garcia, R. Calantone, R. Levine, R. |
| Title: | The role of knowledge in resource allocation to exploration versus exploitation in technologically oriented organizations |
| Journal: | Decision Sciences
2003 : SPRING, VOL. 34:2, p. 323-349 |
| Index terms: | Decision making Product development R&D Technology |
| Language: | eng |
| Abstract: | The fiscal and market outcomes of technologically oriented companies are greatly affected by decisions regarding research and development (R&D) activities of an organization. Yet, the resource allocation choices between these two activities are tied strongly to an organization's technology knowledge. Technological knowledge is itself a resource that the company can manage to achieve strategic and competitive advantage. A system dynamics view of the decomposition of R&D efforts into explorative and exploitive activities and the resultant knowledge-specific and performance outcomes from the decision to focus on one type of activity or another is presented in this article. |
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