Placing the choice between exploration and exploitation in context: a study of geography and new product development

Be creative but not so much. Decreasing benefits of creativity in clustered firms

“…In this vein, our theoretical proposal recognizes the cluster's internal heterogeneity, thus granting a prominent role to the characteristics of the individual firm (Giuliani 2005;Boschma and Ter Wal 2007). Second, we assume the potential relevance of the portfolio of relationships of a clustered firm determining its network position (Boari, Odorici, and Zamarian 2002;Capaldo 2007;Coombs, Deeds, and Ireland 2009;Molina-Morales and Martínez-Fernández 2009). Among individual firm characteristics, creativity emerges as a primary factor for innovation.…”

“…As a consequence of that, individual firms show significant differences in innovation performance. Some authors (Coombs, Deeds, and Ireland 2009) have argued for a positive association between network connectedness in the cluster and innovation. Therefore, better connections between the firms in an industrial cluster and other players in the network (number of direct and indirect ties) can be expected to provide knowledge resources related to innovation; consequently, this can be expressed more formally as the following hypothesis:…”

How shared vision moderates the effects of absorptive capacity and networking on clustered firms’ innovation

“…In this vein, our theoretical proposal recognizes the cluster's internal heterogeneity, thus granting a prominent role to the characteristics of the individual firm (Giuliani, 2005;Boschma and Ter Wal, 2007). Secondly, we assume the potential relevance of the portfolio of relationships of a clustered firm determining its network position (Boari et al, 2002;Capaldo, 2007;Coombs et al, 2009;MolinaMorales andMartinez-Fernandez, 2009, Li et al, 2013). Lastly, we consider the degree to which members of the network share goals and have similar perceptions of how to act with others, and the exchange of ideas and resources as an amplification of the positive effects of both internal and external resources (Inkpen and Tsang, 2005).…”

Exploration, Exploitation, Ambidexterity, and Firm Performance: A Meta-Analysis

“…Mixed samples were coded as large or small firms when more than 50 percent of the sample comprised the respective category. Finally, I grouped studies by industry type following Chandler and McEvoy (2000); I differentiated between hightech firms, such as those in the biotechnology or pharmaceutical industries (e.g., Coombs et al, 2009;Hess & Rothaermel, 2011), and low-tech firms, such as those in the textile manufacturing or railroad transport industries (e.g., Baum & Dahlin, 2007;Wang & Li, 2008). I also report the results of these contextual factor tests in Table 4.…”