 Do established firms explore more in punctuated environments?Jun Lin International Journal of Business Environment, 2023, vol. 14, issue 3, 351-369 Abstract: I introduced the punctuated equilibrium theory to account for the fast emergence of new business 'species' in the internet era. The commercial use of the internet altered the industrial environment with new challenges and opportunities, constituting a phase of environmental punctuation. This study examined how established firms respond strategically to such an environment by reorienting to the exploration of new possibilities. I collected data by a content analysis approach using 95 randomly sampled firms during the period of 1998-2001. The results from MANOVA suggested the strategic differences between firms from industries with or without 'environmental punctuation'. Firms that must cope with environmental punctuation, initiate strategic actions more frequently, and their strategic actions are more novel with wider breadth. This study enriches the understanding of the forms and contexts of organisational exploratory learning. Environmental punctuation is envisioned as the suitable context for strategic exploration. Keywords: punctuated equilibrium; internet era; industrial environment; business environment; strategic exploration; organisational learning; exploratory learning; business models; knowledge management; content analysis; MANOVA; multivariate analysis of variance. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbenv:v:14:y:2023:i:3:p:351-369 Access Statistics for this article More articles in International Journal of Business Environment from Inderscience Enterprises Ltd |
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