Exploration, exploitation, and geographic diversity: A study of new entrepreneurial ventures

Research output: Chapter in Book / Report / Conference proceedingConference contributionAcademic

Abstract

The smallness and newness of new entrepreneurial ventures can impede their exploratory and exploitative innovation, which makes the creation of extra-cluster ties particularly relevant. This study investigates to what extent geographic network diversity contributes to a new entrepreneurial venture’s exploration and exploitation innovation performance. Using a unique dataset of entrepreneurs’ ego networks, it was found that geographic network diversity has a positive effect on both types of innovation up to a certain point, after which geographic diversity has a negative effect. Exploitative processes reach this inflection point at a relatively low level of geographic diversity, whereas exploratory processes thrive at a higher level of geographic diversity.
Original languageEnglish
Title of host publicationAcademy of Management Proceedings 2014
Place of PublicationPhiladelphia
PublisherAOM
DOIs
Publication statusPublished - 2014
EventAcademy of Management Meeting 2014 - Philadelphia
Duration: 1 Jan 20141 Jan 2014

Conference

ConferenceAcademy of Management Meeting 2014
Period1/01/141/01/14

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