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Determinants of exploration and exploitation in the process of entrepreneurial learning
Halmstad University, School of Business and Engineering (SET), Centre for Innovation, Entrepreneurship and Learning Research (CIEL), Knowledge Entrepreneurship and Enterprise Research (KEEN).ORCID iD: 0000-0001-5842-8825
2005 (English)In: Frontiers of Entrepreneurship Research 2005: proceedings of the twenty-fifth annual Entrepreneurship Research Conference / [ed] Shaker A. Zahra, Babson Park, Massachusetts: Arthur M. Blank Center for Entrepreneurship, Babson , 2005, p. 16-29Chapter in book (Other academic)
Abstract [en]

This paper presents a study of the process through which entrepreneurs transform experience into knowledge. By bringing theories of experiential learning into the field of entrepreneurship, a model of determinants of exploration and exploitation in the process of entrepreneurial learning is constructed and tested on a sample of 291 Swedish entrepreneurs. The findings suggest that entrepreneurs with a higher preference for an effectual reasoning and with a transitory career orientation show a significantly higher emphasis on an explorative mode of transforming career experience into knowledge. Similarly, entrepreneurs with a higher preference for a causational reasoning and with an expert career orientation show a significantly higher emphasis on an exploitative mode of transformation. The overall results give ample support for the overall argument that entrepreneurial learning can be conceived as an experiential process where entrepreneurs develop knowledge both by exploiting previous skills and knowledge as well as exploring new possibilities in the ventures they are involved in.

Place, publisher, year, edition, pages
Babson Park, Massachusetts: Arthur M. Blank Center for Entrepreneurship, Babson , 2005. p. 16-29
Series
Frontiers of entrepreneurship research, ISSN 0740-7416 ; 2005
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-5740ISBN: 0-910897-26-3 OAI: oai:DiVA.org:hh-5740DiVA, id: diva2:351552
Available from: 2010-09-15 Created: 2010-09-15 Last updated: 2018-03-23Bibliographically approved

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http://fusionmx.babson.edu/entrep/fer/2005FER/chapter_i/paper_i2.html

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Politis, Diamanto

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf