Mavroudi, E orcid.org/0000-0003-2870-1661, Kesidou, E orcid.org/0000-0002-5729-8624 and Pandza, K orcid.org/0000-0002-6807-1812 (2023) Effects of ambidextrous and specialized R&D strategies on firm performance: The contingent role of industry orientation. Journal of Business Research, 154. 113353. ISSN 0148-2963
Abstract
Innovative firms must decide whether they should specialize in either exploratory or exploitative R&D or adopt an ambidextrous R&D-strategy (pursue both). This study extends research on exploration/exploitation by explaining how the effects of ambidextrous and specialized R&D-strategies on a focal firm’s performance are influenced by the R&D-strategies adopted by other firms in its industry. Comparing a firm’s R&D-strategy with those of its intra-industry peers enables us to identify how the performance-enhancing advantages of ambidextrous and specialized R&D-strategies change across industries and which R&D-strategy is optimal for the firm. Our framework and longitudinal analysis of 32,526 observations indicate that an R&D-strategy that is similar to that of the rest of the industry decreases firm performance, whereas an R&D-strategy that differs from the industry’s dominant R&D-strategy enhances performance. The study also explains the mechanisms through which certain industry environments reduce the need to be ambidextrous and help specialized firms enhance their performance.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 The Author(s). Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
Keywords: | Exploration; Exploitation; R&D ;Ambidexterity; Specialization; Industry orientation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Strategy and Organisation (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 12 Oct 2022 12:28 |
Last Modified: | 15 May 2023 14:48 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jbusres.2022.113353 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:191470 |