김도현 교수

Scholars have demonstrated substantial interest in the exploration–exploitation framework since the publication of March, James G (born 1928) seminal paper in 1991. The notions of exploration and exploitation and the trade-offs between them are briefly introduced, followed by investigation of their origins within March and his colleagues’ earlier works. Finally, current issues, especially those regarding conceptualizations and assumptions underlying the trade-offs between them, are discussed.

This article proposes that specific features of environmental dynamism and the notion of internal variety should be taken into consideration in response to caveats in prior research on choice or balance between exploration and exploitation and its implications for organizational performance. The study extends March's exploration—exploitation model by (1) conceptualizing and varying two dimensions — amplitude and frequency — of environmental dynamism and (2) articulating the notion of internal va

This study warns organizations against falling into an “early success trap.” The timing of initial success may lead organizations to divergent evolutionary paths as their experience at early ages has a greater consequence for their evolution than does their experience at later ages. In particular, we propose that early initial success can be more detrimental to an organization’s performance and survivability than later initial success because exploratory competence takes a long time to develop.

This study investigates what determines social actors’ motivations and opportunities to risk changing their current courses of action and the extent to which they are likely to change, by integrating structural and behavioral perspectives on decision making. Behavioral perspectives argue that performance relative to aspirations determines the actors’ risk preference and motivation to change, while structural perspectives suggest that the actors’ choices and actions are enabled and constrained by

The growing importance of corporate social responsibility (CSR) for firms’ sustainability has been spurring scholarly attempts at identifying the antecedents of CSR activities. This study examines how CEO ownership differentially affects firms’ CSR activities in response to their performance relative to aspirations. Building upon the agency theory and the performance feedback model, we argue that CEOs with greater ownership are relatively more likely to increase their firms’ CSR activities than

Latitudinal trends in cold tolerance have been observed in many terrestrial ectotherms, but few studies have investigated interpopulational variation in the cold physiology of marine invertebrates. Here, the intertidal copepod Tigriopus californicus was used as a model system to study how local adaptation influences the cold tolerance of a broadly distributed marine crustacean. Among five populations spanning 18° in latitude, the following three metrics were used to compare cold tolerance: the t

This study focuses on the joint effects of the firms’ access to structural holes within social networks and their status within social hierarchy on their innovation performance. The interactions between the firms’ positions in different dimensions of social structures have been rarely examined in prior research despite the fact that they jointly determine the firms’ opportunities and constraints for acquiring important resources, such as knowledge and information, for their innovation activities

Scholars have demonstrated substantial interest in the exploration–exploitation framework since the publication of March, James G. (born 1928) seminal paper in 1991. The notions of exploration and exploitation and the trade-offs between them are briefly introduced, followed by investigation of their origins within March and his colleagues’ earlier works. Finally, current issues, especially those regarding conceptualizations and assumptions underlying the trade-offs between them, are discussed.

Purpose This paper investigates how a firm's status moderates the performance of its investment portfolio diversification strategy. We combine the investment diversification literature with the organizational status theory, arguing that status would weaken the benefits of a specialist strategy in their niche industry of investments while strengthening the positive consequences of a generalist strategy across various industries. Design/methodology/approach We collected our data using the Securiti

Purpose Organizational reputation and status are similar yet distinct constructs, serving as signals conveying information about an organization and its products and thus constituting audiences' perceptions about the organization. However, compared to status, reputation tends to change more dynamically over time. In this study, the authors argue that the dynamic traits of reputation – particularly, its momentum and volatility – may serve as additional signals and/or noises, influencing potential

Although improving energy efficiency has many benefits, including not only reducing pollution and climate change but also enhancing productivity and competitiveness, many firms still do not adopt energy efficiency innovation. In this study, we suggest inadequate attention allocation as a barrier to energy efficiency innovation, making firms fall into the intention-achievement gap when they simultaneously pursue multiple innovation-related goals. Due to limits in attention resources, competing in