James March's Exploration and Exploitation in Organisational Learning

1st Edition

Pádraig Belton

Macat Library
Published February 21, 2018
Reference - 110 Pages
ISBN 9781912284696 - CAT# K338619
Series: The Macat Library

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Summary

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.

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