A Buzzing Prologue

Orestis Georgiou, Mykola Maksymenko and Stephen Russo
Additional contact information
Orestis Georgiou: Ultraleap Ltd.
Mykola Maksymenko: Haiqu Inc.
Stephen Russo: Honeywell Building Automation Inc.

Chapter 1 in R&D Management and Technology Commercialization, 2025, pp 1-6 from Springer

Abstract: Abstract This chapter introduces a novel analogy between the foraging behaviors of bees and the exploratory processes of R&D (Research and Development) management. Using the mathematical concept of Lévy flights, it illustrates how organisms balance exploration and exploitation to navigate complex environments—a principle mirrored in R&D teams as they navigate innovation landscapes. The chapter explores shared traits, such as agility, resource optimization, and risk management, drawing parallels between bees’ foraging strategies and R&D methodologies like open innovation and lean practices. Through this engaging metaphor, the chapter uncovers universal principles of discovery, improvement, and innovation, setting the stage for deeper insights into R&D management and its evolution in subsequent chapters. A 3D plot depicting a complex, multicolored line path, resembling a random walk or trajectory. The line transitions through a spectrum of colors from blue at the bottom to red at the top, indicating a progression or change in a variable. The plot is set against a plain white background, emphasizing the intricate path and color gradient.

Keywords: Exploration; Discovery; Innovation; Exploitation; Ecosystems; R&D strategy; Lévy flights (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-86789-7_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031867897

DOI: 10.1007/978-3-031-86789-7_1

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().