Exploration and Exploitation

By D. Holm. 2015

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CEOs’ Regulatory Focus and Risk-Taking When Firms Perform Below and Above the Bar (2021, background): “…have shown that executives who exhibit a promotion focus tend to engage in risky strategic actions, such as acquisitions (Gamache et al., 2015) and technological exploration (Hmieleski & Baron, 2008; Kammerlander et al., 2015), while their prevention-focused counterparts are less likely to do so.”