
Ziad El-Awad
Universitetslektor

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