The classic tradeoff between exploration and exploitation in organizational learning has attracted vigorous attention by researchers over the last two decades. Despite this attention, however, the question of how firms can better maintain the balance of exploration and exploitation remains...

The idea of organizational learning can be traced to a seminal book titled ‘The Behavioral Theory of the Firm'. In contrast to rational conceptions of organizations as entities solving maximization problems, this behavioral view depicts organizational learning as a function of experience and...