Exploration and exploitation organization's age and the nature of its innovative behavior

This study examines the relationship of an organization's age and its innovative activity. The innovative activity of an organization is discussed and examined through the concepts of exploration and exploitation, basing on the previous literature on organizational ambidexterity. Three hypothes...

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Bibliografiset tiedot
Päätekijä: Häggman, Susanna
Muut tekijät: Jyväskylä University School of Business and Economics, Jyväskylän yliopiston kauppakorkeakoulu, Taloustieteet, Business and Economics, University of Jyväskylä, Jyväskylän yliopisto
Aineistotyyppi: Pro gradu
Kieli:eng
Julkaistu: 2015
Aiheet:
Linkit: https://jyx.jyu.fi/handle/123456789/46431
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author Häggman, Susanna
author2 Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_facet Häggman, Susanna Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto Häggman, Susanna Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_sort Häggman, Susanna
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description This study examines the relationship of an organization's age and its innovative activity. The innovative activity of an organization is discussed and examined through the concepts of exploration and exploitation, basing on the previous literature on organizational ambidexterity. Three hypotheses on the relationship of aging and the innovative behavior of an organization are formed based on the ambidexterity literature and the theories of the effect of aging on an organization. These hypotheses are tested with logistic regression analyses on a patent data set covering the modern biotechnology industry in Finland between 1973–2008. The results of the analyses show that age has a weak but significant effect on the nature of an organization's innovative behavior. There are relatively few previous studies that empirically investigate the effect of aging on an organization's explorative and exploitative actions and the existing studies have provided contradictory and inconsistent results. This study aims to add clarity on the phenomenon and provide additional empirical evidence on it in order to better understand the effect of aging on innovative activity. The study contributes both to the aging literature by providing evidence on the effects of aging on innovative activity and the ambidexterity literature by providing empirical information on the relationship of exploration and exploitation on the firm level. Interesting questions for future research,such as the role of financing in predicting the nature of an organization's innovative behavior, also arise from the results of the study.
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The innovative activity of an organization is discussed and examined through the concepts of exploration and exploitation, basing on the previous literature on organizational ambidexterity. Three hypotheses on the relationship of aging and the\r\ninnovative behavior of an organization are formed based on the ambidexterity literature and the theories of the effect of aging on an organization. These hypotheses are tested with logistic regression analyses on a patent data set covering the modern biotechnology industry in Finland between 1973\u20132008. The results of the analyses show that age has a weak but significant effect on the nature of an organization's innovative behavior.\r\n\r\nThere are relatively few previous studies that empirically investigate the effect of aging on an organization's explorative and exploitative actions and the existing studies have provided contradictory and inconsistent results. 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spellingShingle Häggman, Susanna Exploration and exploitation : organization's age and the nature of its innovative behavior exploration exploitation organizational ambidexterity aging innovation Yrittäjyys Entrepreneurship 20422 organisaatiot innovaatiot innovaatiotoiminta tutkimus
title Exploration and exploitation : organization's age and the nature of its innovative behavior
title_alt Organization's age and the nature of its innovative behavior
title_full Exploration and exploitation : organization's age and the nature of its innovative behavior
title_fullStr Exploration and exploitation : organization's age and the nature of its innovative behavior Exploration and exploitation : organization's age and the nature of its innovative behavior
title_full_unstemmed Exploration and exploitation : organization's age and the nature of its innovative behavior Exploration and exploitation : organization's age and the nature of its innovative behavior
title_short Exploration and exploitation
title_sort exploration and exploitation organization s age and the nature of its innovative behavior
title_sub organization's age and the nature of its innovative behavior
title_txtP Exploration and exploitation : organization's age and the nature of its innovative behavior
topic exploration exploitation organizational ambidexterity aging innovation Yrittäjyys Entrepreneurship 20422 organisaatiot innovaatiot innovaatiotoiminta tutkimus
topic_facet 20422 Entrepreneurship Yrittäjyys aging exploitation exploration innovaatiot innovaatiotoiminta innovation organisaatiot organizational ambidexterity tutkimus
url https://jyx.jyu.fi/handle/123456789/46431 http://www.urn.fi/URN:NBN:fi:jyu-201506292467
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