AMBIDEXTERITY OF BUSINESS ORGANIZATIONS FOR CONTINUOUS LEARNING AND INNOVATION

Mihai Timuè˜ () and Aurel Burciu ()
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Mihai Timuè˜: "Åžtefan cel Mare" University of Suceava, Romania
Aurel Burciu: "Åžtefan cel Mare" University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2024, vol. 24, issue 1(39), 174-181

Abstract: The ambidexterity of business organizations is their ability to balance and integrate exploration and exploitation processes for innovation and lifelong learning. This duality is essential for firms' long-term survival, allowing them to compete in both mature markets and new technology areas where flexibility and autonomy are crucial. In this article we have illustrated a model of exploration (generation of explicit knowledge) and exploitation (application of tacit knowledge) for the continuous innovation of business organizations. There are, of course, in business organizations, many other elements that can be dealt with through organizational ambidexterity for implementing strategies and generating innovations. The current study refers to the ability of companies, through their decision-makers, to generate new knowledge (tacit/explicit conversion) and transform them into innovations exposed on the market.

Date: 2024
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