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Unformatted text preview: Weaknesses of Strategic networks and learning: Exploitative learning = Info you get from companies is all that company knows and all other firms in the market know = no new knowledge= known value and outcomes. Explorative learning = Gaining new knowledge which allows a firm to create something unique. (essential in developing innovation ) Koza and Lewin (1998): Majority of relationship-based learning takes the form of exploitative learning which can become dangerous over time. Hughes et al (2007): Exploitative tends to dominate over explorative by institutionalising behaviours, which might undermine the entrepreneurial ability of the firm.- Entrepreneurial orientation (EO) emphasizes the value of knowledge created through exploratory learning mechanisms in securing advantage. i.e. firms cannot sustain dual-dominant orientations of exploitative learning and EO because a strongly configured EO generates high...
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- Fall '10
- Entrepreneurship, Emergence, Exploitation, Calculative networks