Balancing Exploration and Exploitation by Creating Organizational Think Tanks
[Book]
by Tatjana-Xenia Puhan
Wiesbaden Betriebswirtschaftlicher Verlag Dr. Th. Gabler / GWV Fachverlage GmbH
Wiesbaden
2008
v.: digital.
Gabler Edition Wissenschaft
Literaturverz. S. 121 - 141IMD-Felder maschinell generiert
Preliminary; Introduction; Problems and concepts of R&D alignment; Shifting think tanks from the macro-to a meso-level; Critical issues of the organizational think tank approach; Conclusion; Back matter.
Key for successful knowledge management is a balance between exploration and exploitation. Exploration means the generation of new knowledge in non-targeted search processes, while exploitation denotes the use of existing knowledge in targeted exploitation processes. The relationship between the two processes is one of fundamental tension; this poses a challenge to organisations which seek to make their knowledge management effective. There is a danger that exploration is neglected in favour of exploitation. This results in an organisation which lacks innovation capability. In order to preventTatjana-Xenia Puhan demonstrates that ambidexterity need not necessarily be implemented in one single organization but can also be realised in a network of associated organizations. She develops the concept of think tanks as organizations which concentrate on radical innovations while their network associates exploit this newly generated knowledge commercially.