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Learning and innovation: Exploitation and exploration trade-offs

机译:学习与创新:开发与探索的权衡

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This paper examines the relationship between learning and innovation outcomes, focusing on the trade-off between exploitation and exploration in learning and innovation. The study identifies two types of learning and two outcomes of innovation. Exploitation and exploration in learning are inversely associated with innovation rates and impact. While exploitative, localized learning is positively associated with innovation rates, but negatively associated with impact, exploratory learning-by-experimentation shows the opposite relationship. The study examines panel data of 103 companies in the global pharmaceutical industry over a 7-year period in an empirical test of our hypotheses. Results support the existence of the exploitation and exploration trade-off.
机译:本文研究了学习与创新成果之间的关系,重点是学习与创新中开发与探索之间的权衡。该研究确定了两种学习类型和两种创新成果。学习中的探索和探索与创新率和影响成反比。剥削式的局部学习与创新率成正相关,而与影响成负相关,按实验探索性学习则显示出相反的关系。这项研究对我们的假设进行了实证检验,研究了7年期间全球制药行业103家公司的面板数据。结果支持了开采和勘探权衡的存在。

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