Strategic Renewal as Improvisation: Reconciling the Tension Between Exploration and Exploitation

Autor: David K. Hurst, Mary M. Crossan
Rok vydání: 2006
Předmět:
Zdroj: Advances in Strategic Management ISBN: 0762313382
Popis: Management theory has paid scant attention to the nature and reconciliation of the tension between exploration and exploitation, in spite of its central importance to strategic renewal. This paper uses Hurst's (1995) ecocycle to frame the tension and employs complexity theory to examine how the tension manifests itself across levels and time. Improvisation is advanced as a process to reconcile and manage the tension between exploration and exploitation.
Databáze: OpenAIRE