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The relationship between internal and external exploration orientation: the moderating role of the vertical scope of a firm

Hoffmann, Werner H. and Wörner, Roman (2013) The relationship between internal and external exploration orientation: the moderating role of the vertical scope of a firm. Working Papers / Institute for Strategic Management, 02/2013. WU Vienna University of Economics and Business , Vienna.

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Abstract

Using data from the biopharmaceutical industry, this study analyzes the relationship between internal and external exploration (exploitation) and the moderating role of firm characteristics. We argue that the characteristics of a firm - in particular a firm's vertical scope - are an important but so far overlooked contingency factor determining the relationship between internal and external exploration (exploitation). Our findings indicate that differences in vertical scope result in alternative combinations of internal and external exploration. While specialized firms tend to focus either on exploration or exploitation both within the firm as well as with their alliance portfolio, vertically integrated firms prefer to balance exploration and exploitation across firm boundaries. (authors' abstract)

Item Type: Paper
Keywords: exploration and exploitation / balancing / ambidexterity / strategic alliances / vertical scope / Pharmazeutische Industrie / Strategische Allianz / Organisationale Ambidextrie / Organisationsverhalten
Classification Codes: RVK QP 320, QP 340
Divisions: Departments > Strategy and Innovation > Strategisches Management
Depositing User: Roman Wörner
Date Deposited: 04 Jul 2013 13:08
Last Modified: 22 Apr 2017 02:57
URI: http://epub.wu.ac.at/id/eprint/3921

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