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Exploration and exploitation: the interplay between knowledge and continuous innovation

机译:探索与开发:知识与持续创新之间的相互作用

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In rapidly changing environments, organisations require dynamic capabilities to integrate, build and reconfigure resources and competencies to achieve continuous innovation. Although tangible resources are important to promoting the firm's ability to act, capabilities fundamentally rest in the knowledge created and accumulated by the firm through human capital, organisational routines, processes, practices and norms. The exploration for new ideas, technologies and knowledge - to one side - and - on the other one - the exploitation of existing and new knowledge is essential for continuous innovation. Firms need to decide how best to allocate their scarce resources for both activities and at the same time build dynamic capabilities to keep up with changing market conditions. This in turn, is influenced by the absorptive capacity of the firm to assimilate knowledge. This paper presents a case study that investigates the sources of knowledge in an engineering firm in Australia, and how it is organised and processed. As information pervades the firm from both internal and external sources, individuals integrate knowledge using both exploration and exploitation approaches. The findings illustrate that absorptive capacity can encourage greater leverage for exploration potential leading to radical innovation; and reconfiguring exploitable knowledge for incremental improvements. This study provides an insight for managers in quest of improving knowledge strategies and continuous innovation. It also makes significant theoretical contributions to the literature through extending the concepts of absorptive capacity and how knowledge constructs capabilities for innovation.
机译:在瞬息万变的环境中,组织需要动态功能来集成,构建和重新配置资源和能力,以实现持续创新。尽管有形资源对提升公司的行动能力很重要,但能力从根本上在于企业通过人力资本,组织惯例,流程,实践和规范创造和积累的知识。一方面对新思想,技术和知识进行探索,另一方面,对现有和新知识的利用对于持续创新至关重要。企业需要决定如何最佳地分配稀缺资源用于两种活动,同时建立动态能力以适应不断变化的市场状况。反过来,这又受企业吸收知识的吸收能力的影响。本文提供了一个案例研究,该案例研究了澳大利亚一家工程公司的知识来源,以及知识的组织和处理方式。随着信息从内部和外部来源渗透到公司中,个人使用探索和开发方法来整合知识。研究结果表明,吸收能力可以鼓励更大程度地利用勘探潜力,从而带来根本性的创新;并重新配置可利用的知识以进行逐步改进。本研究为管理人员寻求改进知识策略和持续创新提供了见识。通过扩展吸收能力的概念以及知识如何构建创新能力,它也为文献做出了重要的理论贡献。

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