What is it about?
The apparent contradictions between adaptation at the level of the firm through organization learning and adaptation at the level of population through environmental selection can be best understood and resolved by examining the individual and organizational forces that can encourage learning and change in a context where ecological forces constrain choice and foster organizational inertia.
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Why is it important?
The tension between exploration and exploitation is a symptom of the ongoing contradiction between academic rigour and practitioner relevance. They can be reconciled by using an ecological approach.
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This page is a summary of: Strategic Renewal as Improvisation: Reconciling the Tension Between Exploration and Exploitation, Emerald,
DOI: 10.1016/s0742-3322(06)23009-2.
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