Explore or exploit? Unpacking the situational conditions and cognitive mechanisms underlying entrepreneurial learning in the new venture development process
El-Awad, Ziad LU
(2023)
In Entrepreneurship and Regional Development
35(1-2).
p.162-186
- Abstract
- This study explores when and why entrepreneurs choose entrepreneurial learning strategies that emphasize exploration or exploitation. Most studies have focused on explaining the different characteristics of exploration and exploitation, their performance implications, whether they are complementarities or substitutes and how particular organizational structures can support their coexistence. We apply a process design building on four research-based spinoffs observing how changes in entrepreneurs’ choices of exploration and exploitation occur as they identify and adopt a viable configuration for their ventures. In this study, we develop a theoretical model that reveals the situational conditions and mechanisms underlying entrepreneurs’... (More)
- This study explores when and why entrepreneurs choose entrepreneurial learning strategies that emphasize exploration or exploitation. Most studies have focused on explaining the different characteristics of exploration and exploitation, their performance implications, whether they are complementarities or substitutes and how particular organizational structures can support their coexistence. We apply a process design building on four research-based spinoffs observing how changes in entrepreneurs’ choices of exploration and exploitation occur as they identify and adopt a viable configuration for their ventures. In this study, we develop a theoretical model that reveals the situational conditions and mechanisms underlying entrepreneurs’ learning choices and highlights different knowledge typologies and competence gaps that new venture teams need to fill when dealing with uncertainties and performance errors. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/094a696d-e741-4c2d-9a36-223810433ea3
- author
- El-Awad, Ziad
LU
- organization
- publishing date
- 2023
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Entrepreneurial learning, collaborative sensemaking, perceived uncertainty, experience, exploration and exploitation
- in
- Entrepreneurship and Regional Development
- volume
- 35
- issue
- 1-2
- pages
- 25 pages
- publisher
- Taylor & Francis
- external identifiers
-
- scopus:85142220841
- ISSN
- 0898-5626
- DOI
- 10.1080/08985626.2022.2143573
- language
- English
- LU publication?
- yes
- id
- 094a696d-e741-4c2d-9a36-223810433ea3
- date added to LUP
- 2022-11-21 07:57:08
- date last changed
- 2023-04-06 00:42:37
@article{094a696d-e741-4c2d-9a36-223810433ea3,
abstract = {{This study explores when and why entrepreneurs choose entrepreneurial learning strategies that emphasize exploration or exploitation. Most studies have focused on explaining the different characteristics of exploration and exploitation, their performance implications, whether they are complementarities or substitutes and how particular organizational structures can support their coexistence. We apply a process design building on four research-based spinoffs observing how changes in entrepreneurs’ choices of exploration and exploitation occur as they identify and adopt a viable configuration for their ventures. In this study, we develop a theoretical model that reveals the situational conditions and mechanisms underlying entrepreneurs’ learning choices and highlights different knowledge typologies and competence gaps that new venture teams need to fill when dealing with uncertainties and performance errors.}},
author = {{El-Awad, Ziad}},
issn = {{0898-5626}},
keywords = {{Entrepreneurial learning; collaborative sensemaking; perceived uncertainty; experience; exploration and exploitation}},
language = {{eng}},
number = {{1-2}},
pages = {{162--186}},
publisher = {{Taylor & Francis}},
series = {{Entrepreneurship and Regional Development}},
title = {{Explore or exploit? Unpacking the situational conditions and cognitive mechanisms underlying entrepreneurial learning in the new venture development process}},
url = {{http://dx.doi.org/10.1080/08985626.2022.2143573}},
doi = {{10.1080/08985626.2022.2143573}},
volume = {{35}},
year = {{2023}},
}