Article

Balance Across Firms: Exploration and Exploitation in Alliances Between Platform Participants

January 2019
SSRN Electronic Journal

DOI:10.2139/ssrn.3413876

Authors:

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Article

Full-text available

Balancing Exploration and Exploitation Alliance Formation

May 2007 · Academy of Management Journal

Do firms balance exploration and exploitation in their alliance formation decisions, and if so, why and how? We argue that absorptive capacity and organizational inertia impose conflicting pressures for exploration and exploitation with respect to the value chain function of alliances, the attributes of partners, and partners' network positions. Although path dependencies reinforce either ... [Show full abstract] exploration or exploitation within each of these domains, we find that firms balance their tendencies to explore and exploit over time and across domains.

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The Impact of Demand-Side Policies on Firms' Balance between Exploration and Exploitation Alliances

April 2018 · Academy of Management Proceedings

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Alliance Portfolios and Joint R&D Project Performance

October 2022 · Industrial Marketing Management

This research examines the effects of alliance portfolios-the collection of alliances a firm undertakes-on joint R&D project performance. Drawing on the exploration-exploitation framework, we examine how alliance portfolio exploration (alliances across product-markets) and portfolio exploitation (alliances within product-markets) influence alliance partners' R&D projects. Moreover, we ... [Show full abstract] conceptualize alliance portfolio ambidexterity as a balanced portfolio of alliances across and within product-markets, and examine its effect on project performance. Finally, we hypothesize how factors at two different levels-alliance type (scale or link), and network density-moderate the relationships between firms' alliance portfolios and performance. We collect data on nearly 600 alliances over 12 years and find that alliance portfolio exploration and exploitation increase joint R&D project performance, and that alliance portfolio ambidexterity enhances performance to a greater extent. We also find that both scale alliances and network density reinforce the relationship between alliance portfolio exploration and project performance, and they diminish the relationship between alliance portfolio exploitation and performance.

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Leveraging learning forces in asymmetric alliances: Small firms’ perceived power imbalance in drivin...

July 2018 · Technovation

Prior studies on power and interfirm learning in alliances have devoted limited attention to multiplicate influences of diverse power sources on exploration and exploitation and whether such influences on these two strategies are similar or different. This study investigates the joint effects of two types of perceived power—capability-driven power and position-driven power—on exploration versus ... [Show full abstract] exploitation in asymmetric alliances. Using a sample of 205 high-technology firms in China, the analyses suggest that each of the two types of perceived power separately has no direct effects on either exploration or exploitation. However, they complement (multiplicative effects) each other in promoting exploitation and exploration. Interestingly, the balanced effect of perceived position-driven power and perceived capability-driven power is positively related to exploration, while no such an impact is found in terms of exploitation. This study provides alternative insights about inter-organizational learning in asymmetric alliances and points out a direction for future research.

Article

Balance Across Firms: Exploration and Exploitation in Alliances between Platform Participants

August 2019 · Academy of Management Proceedings

Kenan Guler

Article

Designing for Exploration and Exploitation in Experimental Search and Rescue Scenarios

September 2021 · Proceedings of the Human Factors and Ergonomics Society Annual Meeting

Exploration and exploitation are commonly cited in search and rescue scenarios to explain the process by which individuals work in a team and gather information about their environment (exploration) and identify potential solutions and adaptations (exploitation) to pursue successful outcomes. In this paper, we discuss exploration and exploitation as critical design features and highlight the ... [Show full abstract] importance of balancing them when designing team-based search and rescue missions. To test the proposed design decisions, we developed a usability study that includes two missions wherein teams consisting of three participants are tasked to rescue victims within a Minecraft-based 3D testbed.

Article

"New Venture Survival: External Shocks, Exploration and Exploitation Alliances"

November 2013 · Academy of Management Proceedings

Balancing exploration and exploitation is essential to business survival and performance. While firms manage exploration and exploitation alliances for the long term, how prepared are they for sudden shocks in the short term? In this paper, we address this question in the context of a unique and opportune natural experiment associated with the global financial crisis of 2008. We argue that ... [Show full abstract] exploration alliances – which are oriented towards the longer term – make a firm more vulnerable to external shocks in the short term. In contrast, exploitation alliances as well as a balance between exploration and exploitation alliances – which underlie short-term performance – enable the firm to sustain external shocks. Using data collected from 155 new biotech and pharmaceutical ventures over a seven-year period, we test and find support for these arguments.

Balance Across Firms: Exploration and Exploitation in Alliances Between Platform Participants

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