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 Ziad El-Awad. Foto.

Ziad El-Awad

Universitetslektor

 Ziad El-Awad. Foto.

Explore or exploit? Unpacking the situational conditions and cognitive mechanisms underlying entrepreneurial learning in the new venture development process

Författare

  • Ziad El-Awad

Summary, in English

This study explores when and why entrepreneurs choose entrepreneurial learning strategies that emphasize exploration or exploitation. Most studies have focused on explaining the different characteristics of exploration and exploitation, their performance implications, whether they are complementarities or substitutes and how particular organizational structures can support their coexistence. We apply a process design building on four research-based spinoffs observing how changes in entrepreneurs’ choices of exploration and exploitation occur as they identify and adopt a viable configuration for their ventures. In this study, we develop a theoretical model that reveals the situational conditions and mechanisms underlying entrepreneurs’ learning choices and highlights different knowledge typologies and competence gaps that new venture teams need to fill when dealing with uncertainties and performance errors.

Avdelning/ar

  • Entreprenörskap

Publiceringsår

2023

Språk

Engelska

Sidor

162-186

Publikation/Tidskrift/Serie

Entrepreneurship and Regional Development

Volym

35

Issue

1-2

Dokumenttyp

Artikel i tidskrift

Förlag

Taylor & Francis

Ämne

  • Business Administration

Nyckelord

  • Entrepreneurial learning
  • collaborative sensemaking
  • perceived uncertainty
  • experience
  • exploration and exploitation

Aktiv

Published

ISBN/ISSN/Övrigt

  • ISSN: 0898-5626