Title: Exploration, exploitation and technology management
Author: John W. Medcof
Address: DeGroote School of Business, McMaster University, 1280 Main St. West, Hamilton, Canada M4V 1K2
Abstract: This paper reviews recent research on exploration and exploitation in technology management. Empirical studies show that ambidexterity is common in technology management and follows a number of dynamic patterns. Managers use well-understood methods to foster exploration or exploitation as their challenges demand. Evidence indicates that the dual/binary debate may be a non-issue since many firms practise both kinds of ambidexterity simultaneously, being ambidextrously ambidextrous.
Keywords: technology exploration; technology exploitation; strategic management; ambidexterity; dynamic patterns; managers; ambidextrous organisations; dual solutions; binary solutions; technology intelligence; technology planning.
Int. J. of Technology Intelligence and Planning, 2010 Vol.6, No.4, pp.301 - 316
Available online: 24 Jan 2011