Adaptive organizational processes can refine exploitation faster than exploration, producing short-run effectiveness while risking long-run self-destruction

Format Online paper / PDF

Location PART 1 - TONS OF PUNKS, ONE BIG JERK CHAPTER 3: TOUCHGRASS Sucking Less

"Adaptive organizational processes can refine exploitation faster than exploration, producing short-run effectiveness while risking long-run self-destruction"

March formalized the exploration-exploitation tension and argued that adaptive processes tend to refine exploitation more rapidly than exploration.

Source title Exploration and Exploitation in Organizational Learning

Source authors James G. March

Source year 1991

Confidence high

Importance high