EconPapers    
Economics at your fingertips  
 

Exploration versus exploitation in alliance portfolio: Performance implications of organizational, strategic, and environmental fit

Yasuhiro Yamakawa, Haibin Yang and Lin, Zhiang (John)

Research Policy, 2011, vol. 40, issue 2, pages 287-296

Abstract: How does the nature of firms' alliance portfolio in terms of exploration versus exploitation affect performance? Building on prior research grounded in the resource-based view and the relational perspective, we expand firms' boundary to include their inter-firm relationships and their immediate environment, and develop an extended resource-based framework centering on the concept of fit. Specifically, we propose that whether the exploration versus exploitation orientation of an alliance portfolio may benefit firm performance depends on how such an orientation fits the firm's internal organizational characteristics, strategic orientations, and the industry environment. Data from five U.S. industries over eight years largely support our thesis. Overall, our study calls for a holistic approach to consider the importance of organizational, strategic, and environmental fit in understanding the performance implications of alliance-formation choices.

Keywords: Alliance; portfolio; Exploration; and; exploitation; Performance; consequences (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6V77 ... 2e4509cf59b8da340395
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:respol:v:40:y:2011:i:2:p:287-296

Access Statistics for this article

Research Policy is edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

More articles in Research Policy from Elsevier
Series data maintained by Zhang, Lei ().

 
Page updated 2013-12-22
Handle: RePEc:eee:respol:v:40:y:2011:i:2:p:287-296