title: Exploration/exploitation and Firm Performance Relationship: Literature Review
metadata.name: dc.contributor.author
metadata.value: Belikova, A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-08-08T13:42:25Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-08-08T13:42:25Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/16134
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Despite the considerable amount of studies on exploration and exploitation and their relationship with firm performance, there is no common point of view regarding the phenomena. This work is aimed at a critical review of scientific works on the identified issues based on the empirical analysis of factors influencing exploration and exploitation as well as the relationship between exploration and exploitation and firm performance, classification of the main approaches for investigation of this scientific problem, and suggesting directions for further research. Using the systematic literature review method the author has analyzed 143 articles from 19 leading journals in the area of management, business, and entrepreneurship in the period from 1991 to 2019. 
  As a result, the main research directions were distinguished, which investigate (1) formation of exploration and exploitation in organizations, (2) the direct relationship between exploration and exploitation and firm performance; (3) moderators, and (4) mediators in the relationship between exploration and exploitation and firm performance. Moreover, based on the analysis of the literature, the author classified approaches for exploration and exploitation definition. The author highlights the following perspective research directions: (1) investigation of the institutional environment influence on both formation factors and relationship between exploration / exploitation and firm performance, (2) investigation of exploration and exploitation in the context of small and medium business and (3) analysis of the stages of business structures development through exploration and exploitation phenomena.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: Graduate School of Management, St. Petersburg University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: ;# 16 (E) - 2019
metadata.lang: -
metadata.name: dc.subject
metadata.value: exploration
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: exploitation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: firm performance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: literature review
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Exploration/exploitation and Firm Performance Relationship: Literature Review
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Working Paper
metadata.lang: en_GB