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Exploration And Exploitation In Science: Their Impact On Scientific And Technological Outcomes

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  • G. STEVEN MCMILLAN

    (Penn State Abington, Abington, PA, USA)

Abstract

Since March's 1991 seminal article, exploration and exploitation have been extensively studied in the areas of organisational learning, strategic renewal, and technological innovation [Li et al.(2008)]. However, much of the research has focused on exploration as science-based and exploitation as technology-based. This current research effort utilises a unique database to examine the phenomena only in the science arena. The results are that exploration efforts lead to science outcomes, and that both exploration and exploitation efforts have a positive impact on technological outcomes. The managerial implications of these findings are discussed.

Suggested Citation

  • G. Steven Mcmillan, 2015. "Exploration And Exploitation In Science: Their Impact On Scientific And Technological Outcomes," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 1-11.
    • Handle: RePEc:wsi:ijimxx:v:19:y:2015:i:02:n:s1363919615500176
    DOI: 10.1142/S1363919615500176
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    1. James D. Adams & J. Roger Clemmons, 2008. "The NBER-Rensselaer Scientific Papers Database: Form, Nature, and Function," NBER Working Papers 14575, National Bureau of Economic Research, Inc.
    2. Hall, Bronwyn H. & Jaffee, Adam & Trajtenberg, Manuel, 2000. "Market Value and Patent Citations: A First Look," Department of Economics, Working Paper Series qt1rh8k6z2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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    Cited by:

    1. Yuan, Chun & Xue, Doudou & He, Xin, 2021. "A balancing strategy for ambidextrous learning, dynamic capabilities, and business model design, the opposite moderating effects of environmental dynamism," Technovation, Elsevier, vol. 103(C).
    2. Silvia Vicente-Oliva & Ángel Martínez-Sánchez & Luis Berges-Muro, 2016. "Enhancing The Outcomes In R&D Collaborative Projects: An Empirical Analysis Of The Middle Ebro Valley In Spain," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(07), pages 1-34, October.
    3. Zhu, Peiyu & Miao, Xiaoming & Jin, Shumo & Moehler, Robert, 2023. "Transactive memory system, boundary-spanning search and business model innovation: the moderating role of environmental dynamism," Technovation, Elsevier, vol. 128(C).

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