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Effects of knowledge accumulation strategies through experience and experimentation on firm growth

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  • Kang, Taewon
  • Baek, Chulwoo
  • Lee, Jeong-Dong

Abstract

This study aims to identify the effects of knowledge accumulation strategies on firm growth. Especially, experience and experimentation are considered key strategies of knowledge accumulation in terms of qualitative aspects. We define experience as the composition of knowledge accumulation, such as the depth and breadth of knowledge base in the firm, and experimentation, as the method of knowledge accumulation, such as repetitive or new ways of learning. Even with the same level of effort, there are differences in the degree of knowledge accumulation depending on experience and experimentation, resulting in heterogeneity in firm competitiveness.

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  • Kang, Taewon & Baek, Chulwoo & Lee, Jeong-Dong, 2019. "Effects of knowledge accumulation strategies through experience and experimentation on firm growth," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 169-181.
    • Handle: RePEc:eee:tefoso:v:144:y:2019:i:c:p:169-181
    DOI: 10.1016/j.techfore.2019.04.003
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