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Exploration and exploitation as learning strategies among entrepreneurs: Examining associations with entrepreneurial knowledge

Politis, Diamanto LU and Gabrielsson, Jonas LU (2006)
Abstract
In this paper we examine how exploration and exploitation, as two alternative learning strategies of entrepreneurs, influence the acquisition and development of entrepreneurial knowledge from prior career experience. In line with expectations based on experiential learning theory we find significant and direct associations between entrepreneurs’ career experience and their entrepreneurial knowledge. In addition we also find supporting evidence that a higher emphasis on exploration as the preferred learning strategy moderates this relationship. Interestingly, the findings do not follow theoretical expectations and suggest that current conceptualizations should be refined.
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author
organization
publishing date
type
Contribution to conference
publication status
submitted
subject
keywords
experiential learning, learning strategies, entrepreneurial knowledge, exploration
language
English
LU publication?
yes
id
5cd45713-df16-403d-b4fb-762b53652822 (old id 942041)
date added to LUP
2008-01-30 10:31:57
date last changed
2016-04-16 12:18:41
@misc{5cd45713-df16-403d-b4fb-762b53652822,
  abstract     = {In this paper we examine how exploration and exploitation, as two alternative learning strategies of entrepreneurs, influence the acquisition and development of entrepreneurial knowledge from prior career experience. In line with expectations based on experiential learning theory we find significant and direct associations between entrepreneurs’ career experience and their entrepreneurial knowledge. In addition we also find supporting evidence that a higher emphasis on exploration as the preferred learning strategy moderates this relationship. Interestingly, the findings do not follow theoretical expectations and suggest that current conceptualizations should be refined.},
  author       = {Politis, Diamanto and Gabrielsson, Jonas},
  keyword      = {experiential learning,learning strategies,entrepreneurial knowledge,exploration},
  language     = {eng},
  title        = {Exploration and exploitation as learning strategies among entrepreneurs: Examining associations with entrepreneurial knowledge},
  year         = {2006},
}