NDLI: Anticipating organizational technological exploration and exploitation dynamics under varying knowledge usage rates

Content Provider	IEEE Xplore Digital Library
Author	Makinen, S.J. Vilkko, M.
Copyright Year	2012
Description	Author affiliation: Department of Automation Science and Engineering, Tampere University of Technology, Finland (Vilkko, M.) \|\| CITER Center for Innovation and Technology Research, Department of Industrial Management, Tampere University of Technology, Finland (Makinen, S.J.)
Abstract	The central decision any organization must make is its balancing act of determining which markets to serve with what products and balancing between exploration-exploitation i.e. whether to seek new technological knowledge to develop new offering or whether to allocate scarce resources to established technological knowledge and serve current markets. This core strategic dimension can subsequently be dichotomized to a decision-making regarding exploitation versus exploration balance under the management of absorptive capacity in acquiring versus discarding new technological knowledge. We explore the dynamics of balance of innovation output regarding resulting from dichotomized strategic decisions in exploration and exploitation under the variable rate of external technological knowledge usage. We build a system dynamic model considering the process of absorptive capacity at the company level and additionally facilitate feedback loops in the process. We shed light on the dynamics of innovation creation from external technological knowledge acquisition when small initial changes in strategic decision making lead to substantial differences in company output. Our simulations illustrate in their basic form how various managerial decisions regarding exploration-exploitation dichotomies in line with the usage of acquired knowledge may influence the output of R&D.
Starting Page	195
Ending Page	200
File Size	243410
Page Count	6
File Format	PDF
ISBN	9781467328531
e-ISBN	9781890843250
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-07-29
Publisher Place	Canada
Access Restriction	Subscribed
Rights Holder	PICMET (Portland Intl conf on Manage
Subject Keyword	Aging Organizations Mathematical model Technological innovation Adaptation models Technology management Decision making
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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