Exploration Through Exploitation In The Internationalization Of Product Development Teams
- Topics:
- Product Development and Design
- Tags:
- Business Operations,
- Research & Development,
- Product Development,
- Mergers & Acquisitions,
- Management,
- Kyoto University,
- Knowledge,
- Investment,
- Finance,
- Exploration,
- ...
- Source:
- Kyoto University
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Overview: Based on quantitative and qualitative analyses of eight development projects, the present paper suggests that transferring organizational routines to a local development center to utilize home-country knowledge (i.e., exploitation) and the acquisition of local knowledge (i.e., exploration) are not necessarily mutually exclusive activities. Our hypothesis may be summarized as follows: There is a complementary relationship between the transfer of organizational patterns and routines from a home country to a local country and the exploration and acquisition of local knowledge; Complementary interaction is driven as a firm engages in new local-capability-building modeled on home-country capabilities; and Appropriate goals for the international distribution of development teams may need to include the setting of learning opportunities with due consideration given to the ex-post stickiness of local capabilities.
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Format: PDF | Size: 276KB | Date: Dec 2004 | Pages: 49
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