An Analysis of James March's Exploration and Exploitation in Organizational Learning

Download or read book An Analysis of James March's Exploration and Exploitation in Organizational Learning written by Pádraig Belton and published by CRC Press. This book was released on 2018-02-21 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploration and Exploitation is a key text for scholars and business practitioners interested in promoting economic well-being and sustainable growth. March’s work promotes the preservation of companies’ competitiveness and sustainability in the fluctuating market environment by maintaining a balance between exploration and exploitation processes. He explicates that this balance depends on the interchange between the adaptive capability of the company, predictability and consistency, competition, anticipations, level of risk, learning, socialization dynamics within the organization, and the overall environmental turbulence. These intricacies make March’s text invaluable.