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Exploration and exploitation and firm performance variability: a study of ambidexterity in entrepreneurial firms

机译:探索与开发与公司绩效的可变性:对创业公司的灵活性的研究

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A challenge young entrepreneurial firms usually face is reducing variability in firm performance in order to mitigate survival difficulties. This paper suggests ventures should have a clear preference for either exploration or exploitation, because such an approach to ambidexterity reduces variability in firm performance. We specifically concentrate on the moderation effects of firm size and environmental dynamism in a sample of young entrepreneurial firms. We found evidence for the effects of lower performance variability in dynamic environments. This is an important insight, because environmental dynamism is a contingency where performance variance is considered problematic for entrepreneurial firms. Our research has implications for the establishment phase of entrepreneurial firms as it suggests they should carefully consider how much they explore to be as different as possible and how much they exploit to be as effective as possible. This is particularly important when they are younger and exposed to dynamic environments.
机译:年轻的创业公司通常面临的挑战是减少公司绩效的差异,以减轻生存困难。本文建议风险投资公司应该对勘探或开发有明确的偏好,因为这种灵活性的方法减少了公司绩效的可变性。在一个年轻的创业公司样本中,我们特别关注公司规模和环境活力的调节作用。我们发现了在动态环境中降低性能可变性的影响的证据。这是一个重要的见解,因为环境活力是一种偶然性,在这种偶然性中,绩效差异被认为对创业公司来说是个问题。我们的研究对创业公司的建立阶段具有影响,因为它建议他们应该仔细考虑他们探索出的差异尽可能多,以及他们探索出尽可能有效的程度。当他们还年轻并且处于动态环境中时,这一点尤其重要。

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