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| Author: | Fauchart, I. Keilbach, M. |
| Title: | Testing a model of exploration and exploitation as innovation strategies |
| Journal: | Small business economics
2009 : OCT, VOL. 33:3, p. 257-272 |
| Index terms: | models company growth innovation strategy purchasing power markets |
| Freeterms: | concentration industrial dynamics carrying capacity |
| Language: | eng |
| Abstract: | This paper suggests a structural model specifying firm growth as a function of firm-specific parameters, market-specific parameters, and competition for purchasing power. Btw. two firm innovation strategies, that is, exploration and exploitation are distinguished in the model. Based on a set of simulations, a set of empirically testable hypotheses are derived. In addition, it is possible to derive further testable propositions on the interaction of firm-demographic processes, innovative behaviour and market structure beyond the existing literature. |
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