Term
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Definition
searching for, discovering,creating,experimenting
long-term orientation |
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Term
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Definition
selecting, implementing, improving, refining
short-term orientation |
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Term
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Definition
exploration+exploitation take place in different places in org.
top level managers engage in both; SBU managers focus on 1 |
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Term
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Definition
| shifting focus over time from pursuing incremental innovations or stability to radical innovations or strategic renewal |
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Term
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Definition
tension between exploration+exploitation are reconciled
combining contradictory elements |
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Term
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Definition
incremental innovation
architectural innovation
discontinuous innovation |
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Term
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Definition
| small improvements in existing products; more efficiency; higher vale |
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Term
| architectural innovations |
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Definition
| change component or element of business |
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Term
| discontinuous innovations |
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Definition
| radical advances, often rendering old products obsolete |
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