Advancing the Conceptualization and Operationalization of Novelty in Organizational Research

Lori Rosenkopf () and Patia McGrath ()
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Lori Rosenkopf: The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104
Patia McGrath: The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104

Organization Science, 2011, vol. 22, issue 5, 1297-1311

Abstract: The construct of novelty is an important primitive for theories of organization learning, strategic change, and innovation. The organizational pursuit of novelty is generally theorized as necessary for long-term organizational adaptation and survival yet variance increasing in the short term. We argue that the recent explosion of studies of exploration and exploitation tend to conceptualize and operationalize novelty quite narrowly. In contrast, we treat novelty as a multidimensional construct and discuss implications of this approach for future research.

Keywords: exploration and exploitation; innovation management; novelty; organizational learning; portfolio management (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ororsc:v:22:y:2011:i:5:p:1297-1311

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