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Effect of exploitation and exploration on the innovative as outcomes in entrepreneurial firms

Nancy Vargas, M. Begoña Lloria (), Addisson Salazar and Luis Vergara
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Nancy Vargas: Universitat Politècnica de València
M. Begoña Lloria: Universitat de València
Addisson Salazar: Universitat Politècnica de València
Luis Vergara: Universitat Politècnica de València

International Entrepreneurship and Management Journal, 2018, vol. 14, issue 4, No 13, 1053-1069

Abstract: Abstract The main aim of this study is to establish the effect of the Exploitation and Exploration; and the influence of these learning flows on the Innovative Outcome (IO). The Innovative Outcome refers to new products, services, processes (or improvements) that the organization has obtained as a result of an innovative process. For this purpose, a relationship model is defined, which is empirically contrasted, and can explains and predicts the cyclical dynamization of learning flows on innovative outcome in knowledge intensive firms. The quantitative test for this model use the data from entrepreneurial firms biotechnology sector. The statistical analysis applies a method based on variance using Partial Least Squares (PLS). Research results confirm the hypotheses, that is, they show a positive dynamic effect between the Exploration and the Innovative as outcomes. In the same vein, they results confirm the presence of the cyclic movement of innovative outcome with the Exploitation.

Keywords: Learning flows; Exploitation; Exploration; Innovative outcome; Innovation; Knowledge creation (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:spr:intemj:v:14:y:2018:i:4:d:10.1007_s11365-018-0496-5