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An Analysis of James March's Exploration and Exploitation in Organizational Learning
Paperback
Series: Macat Library
Business GeneralLiterary Criticism
ISBN13: 9781912284696
Publisher: Macat Lib
Published: Feb 21 2018
Pages: 110
Weight: 0.26
Height: 0.23 Width: 5.06 Depth: 7.81
Language: English
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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