Abstract
Scholars have demonstrated substantial interest in the exploration–exploitation framework since the publication of March, James G (born 1928) seminal paper in 1991. The notions of exploration and exploitation and the trade-offs between them are briefly introduced, followed by investigation of their origins within March and his colleagues’ earlier works. Finally, current issues, especially those regarding conceptualizations and assumptions underlying the trade-offs between them, are discussed.
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Rhee, M., Kim, T. (2016). Exploration and Exploitation. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_388-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_388-1
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