The ability to continuously innovate is a key asset to maintain a competitive advantage. A sequence of successful innovations can render a company not only a new product or technique but also a platform which could be used in future. This work investigates how knowledge is accumulated over time as a function of managerial decisions and the dynamics of firm’s knowledge. Our results show that an organization can actively select pivoting points to appropriately balance exploration and exploitation initiatives and successfully learn. Moreover, we show how companies improve their performance by reacting to environmental shocks or to turbulent environments.
|Number of pages
|Published - 2016
|2016 INFORMS Annual Meeting - Nashville, United States
Duration: 13 Nov 2016 → 16 Nov 2016
|2016 INFORMS Annual Meeting
|13/11/2016 → 16/11/2016