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Published by: Indiana University
Published in: "Business Horizons", 2006

Abstract

In today''s fast-paced competitive environment, firms face the need to be increasingly nimble and adaptive. While often able to establish a certain level of performance based upon existing technologies, firms are equally as often left flat-footed in the face of emerging, novel technologies. Discusses strategic entrepreneurship as the means through which firms can simultaneously exploit their current competitive advantages while exploring future opportunities. Achieving a balance between exploitation and exploration consists of more than merely allocating resources evenly between the two processes. As discussed, exploitation and exploration are operationally, structurally, and culturally distinct processes.

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Abstract

In today''s fast-paced competitive environment, firms face the need to be increasingly nimble and adaptive. While often able to establish a certain level of performance based upon existing technologies, firms are equally as often left flat-footed in the face of emerging, novel technologies. Discusses strategic entrepreneurship as the means through which firms can simultaneously exploit their current competitive advantages while exploring future opportunities. Achieving a balance between exploitation and exploration consists of more than merely allocating resources evenly between the two processes. As discussed, exploitation and exploration are operationally, structurally, and culturally distinct processes.

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