The Impact of Innovation in Dynamic Environments
WEB: Exploratory Innovation
Our research has uncovered a critical finding: pursuing exploratory innovation proves more fruitful in environments characterized by dynamism. Exploratory innovation entails venturing into new domains, experimenting with novel approaches, and embracing risk-taking.
WEB: Exploitative Innovation
In contrast, exploitative innovation focuses on refining and extending existing capabilities and technologies. While valuable in stable environments, our findings suggest that it may fall short in dynamic settings, where adaptability and innovation are paramount.
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