An Examination of Exploration and Exploitation Capabilities: Implications for Product Innovation and Market Performance

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Entrepreneurship and dynamic capabilities: how firm age and size affect the ‘capability enhancement–SME performance’ relationship (2012, background): “…from previous surveys concerning entrepreneurship, dynamic capabilities, and firm performance (e.g., Covin and Slevin 1989; Lumpkin and Dess 2001; Menguc and Auh 2006; Miller and Friesen 1982; Newbert 2005; Newbert et al. 2008; Sher and Lee 2004; Wu 2006; Yalcinkaya et al. 2007; Zahra et al. 2002).”
The Trade-off between Customer and Technology Orientations: Impact on Innovation Capabilities and Export Performance (2011, background): “According to Yalcinkaya, Calantone, and Griffith (2007), because exploitation involves leveraging existing knowledge and capitalizing on existing opportunities, a deep understanding of current market needs is more beneficial to those activities than the firm’s technological resources.”