Balancing flexibility and control: international technology and market development in Australian biotechnology firms

Steen, John; Liesch, Peter W.; Matthews, Martin; Thorburn, Lyndal

doi:10.1504/ijtm.2008.015992

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2011

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“…In order to reduce the uncertainty created their surrounding environments, companies seek to develop the capacities and competences they need to adapt to these changes in the attempt to achieve the competitive advantage that places them in an optimal situation (Steen et al, 2008). The literature introduces us to two different ways to solve this problem.…”

Section: Introductionmentioning

confidence: 99%

Exploitation versus exploration: the influence of manufacturing flexibility and the environment

Torres

Benítez-Amado

Perez-Arostegui

et al. 2011

IJBE

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Environmental dynamics have transformed manufacturing flexibility into one of the strategic keys for organisations. This paper analyses whether the implementation of manufacturing flexibility, as solution to the continuous changes of the environment, will encourage exploration of new knowledge and exploitation of a company's abilities. This relationship was measured in 231 production firms. The results obtained show that the firms develop exploration of new knowledge at the same time as they exploit their abilities. The results also show that some of the dimensions of manufacturing flexibility encourage the development of both exploration and exploitation. Finally, we find a moderator effect in these relationships if we take into account environmental dynamics.

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Section: Introductionmentioning

confidence: 99%