Too small to do it all? A meta-analysis on the relative relationships of exploration, exploitation, and ambidexterity with SME performance

Wenke, Kathrin; Zapkau, Florian B.; Schwens, Christian

doi:10.1016/j.jbusres.2020.10.018

Cited by 68 publications

(62 citation statements)

References 151 publications

(181 reference statements)

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“…Small and medium-sized enterprises (SMEs) are the driving force of the global economy and contribute significantly to (i) the creation of new jobs, (ii) value-added production, and (iii) GDP [3,4,51]. SMEs play an important role in boosting employment, competitiveness, and innovation, while ensuring social stability.…”

Section: Discussionmentioning

confidence: 99%

“…The concept of ambidexterity has a metaphorical meaning and is used to characterize organisms/businesses that can exploit and explore at the same time. In short, this definition implies the achievement of conflicting goals: efficiency versus flexibility, stability versus adaptation, and short-term profits versus longterm growth [4,5]. Among the types of ambidexterity, organizational ambivalence is the most widely used and concerns an important research model in the theory of organizational innovation.…”

Section: Introductionmentioning

confidence: 99%

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Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Ragazou

Passas

Garefalakis

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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The unprecedented conditions of restrictive measures that were suddenly imposed in 2020 due to the outbreak of the COVID-19 pandemic affected business activity globally. To deal with the consequences that were caused by the pandemic, most SMEs had to adopt strategies which will enhance their development and footprint in the business arena. With this study, we aim to propose a theoretical approach, via bibliometric analysis, of a new business model innovation that will be based on the triple-win formula of strategic agility, ambidexterity, and open innovation. Open innovation can help SMEs develop their ambidexterity and agility capacity and become more efficient, which can contribute to gaining competitive advantage. To approach this issue, a bibliometric analysis was conducted based on 606 articles that were published in the timespan of 2008–2021. The bibliometric analysis used various indicators such as the scientific production in the studied field, h-Index, co-occurrence collaboration, Multiple Correspondence Analysis (MCA), keyword analysis, and thematic mapping. Biblioshiny and VOSviewer were used to process the data, and contributed to the visualization of the results. Of the 476 sources that were analyzed, most of the articles were published by Journal of Business Research; British scholars are those with the highest number of citations on the topic. This research provides insights related to the state of the art of the study area under analysis and highlights the gaps, which contributed to the building of a new business model innovation that will integrate not only ambidexterity and strategic agility, but open innovation, too. The new business model can help SMEs quickly adapt in the new business environment created by the past successive series of crises, such as the most recent financial crisis and the COVID-19 pandemic.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Ragazou

Passas

Garefalakis

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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show abstract

“…Estudios previos encuentran que la ambidestreza organizacional como estrategia contribuye a mejorar el desempeño de la firma por las complementariedades entre las actividades de explotación y exploración (Junni et al, 2013;López Zapata et al, 2012;Marín-Idárraga et al, 2020;O'Reilly III y Tushman, 2013;Raisch et al, 2009;Wenke et al, 2020). De este modo, la ambidestreza aparece como un caso especial de equilibrio dentro de unidades organizativas separadas (Lavie et al, 2011).…”

Section: Teorías Relacionadas Con La Ambidestreza Organizacionalunclassified

Ambidestreza organizacional en relaciones interorganizacionales

Solís-Molina¹,

Orejuela²,

Espallardo³

2022

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Este libro es el resultado del proyecto de investigación “Co-explotación, co-exploración, ambidestreza organizacional y sus efectos sobre el desempeño”, producto de la colaboración entre la Universidad del Valle (Colombia) y el Centro Nacional de Asistencia Técnica a la Industria – ASTIN del Servicio Nacional de Aprendizaje SENA. En el libro, el lector podrá encontrar una mirada sobre los diferentes ámbitos en los cuales la capacidad de innovar de las empresas, reflejada en el concepto de ambidestreza organizacional, puede potenciarse a partir de las relaciones de colaboración para la innovación con otras organizaciones. La ambidestreza organizacional es un término que ha logrado captar el interés de científicos y profesionales en los últimos años, ofreciendo una solución al denominado “dilema del innovador” planteado por Christensen (1997), en el cual las empresas deben decidir sobre destinar recursos para la explotación del conocimiento existente dominado por la empresa, o, por otro lado, para la exploración de conocimiento nuevo. Focalizarse en la explotación puede llevar a las empresas a la trampa del éxito haciéndolas perder de vista los cambios de su entono y conducirlas a la obsolescencia en el largo plazo. Por su parte, concentrarse exclusivamente en la exploración puede llevar a las empresas a dispersar sus esfuerzos en iniciativas que no se traducen en desempeño y ponerlas en el camino de la trampa de fracaso, lo cual puede conllevar la bancarrota en el corto plazo. A este respecto, la ambidestreza organizacional ofrece un camino intermedio en el cual se propone un balance entre la explotación y la exploración. De este modo, este libro ofrece alternativas frente al dilema del innovador, analizando el rol que pueden desempeñar variables facilitadoras de los efectos de la ambidestreza organizacional sobre el desempeño de las organizaciones. En este caso particular, se analiza el rol que puede desempeñar la capacidad de absorción de las organizaciones, traducida como la capacidad de aprendizaje para adquirir, asimilar, transformar y aplicar comercialmente lo que se aprende, combinando fuentes internas y externas de conocimiento. Por otro lado, se analiza el rol que puede desempeñar la capacidad de alianzas de las organizaciones en las colaboraciones inter-organizacionales. Asimismo, los efectos que puede traer la combinación simultánea de estrategias de innovación organizacionales e inter-organizacionales. Adicionalmente, se analiza el rol que juegan los tipos de gobierno contractual e informal en los proyectos de innovación de carácter inter-organizacional. De esta forma, se contribuye con dar respuestas e implicaciones prácticas para la gerencia encargada de la gestión de la innovación, en el contexto de las relaciones de colaboración inter-organizacional.

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“…Entrepreneur refers to the general manager or chairman who directly manages the enterprise, allocates enterprise resources, affects the major business decisions of the enterprise, plays a key role in the development of the enterprise, and can affect the future and destiny of the enterprise to a great extent ( Amun et al, 2018 ). Entrepreneurship refers to the special ability of some people to organize land, labor, capital, and other resources to produce goods, find new business opportunities, and develop new business models ( Wenke et al, 2021 ). True entrepreneurship has the following characteristics.…”

Section: Entrepreneurship and The Establishment Of The Media Diversif...mentioning

confidence: 99%

The Influence of Media Diversification Model and Entrepreneurship on Enterprise Financial Performance Under the Environment of Sustainable Development

Lou

Zhu

2022

Front. Psychol.

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Market competition is intensifying. The necessity and path of adopting the diversified management model in the media industry are explored to delve into the influence of the media diversification model and entrepreneurship on enterprise financial performance. Besides, the relevant theories such as the media diversification model and entrepreneurial spirit are expounded. Furthermore, Time Publishing & Media is taken as the representative of the media diversification model. Finally, the influence of entrepreneurship on financial performance is discussed regarding entrepreneurship in the Yangtze River Delta as the research object. The profitability, solvency, and operation ability of Time Publishing & Media are analyzed. It is found that there are problems in the profitability and operation ability of Time Publishing & Media. The solvency is good, and the risk of debt repayment is low. As a result, a diversified management model may not have a positive impact on enterprise performance. In addition, the entrepreneurial spirit of the Yangtze River Delta is studied, and the results reveal that the F values from 2017 to 2019 are about 66.24, 10.78, and 60.39, respectively, with a significance of 0.00. It implies that the stronger the entrepreneur’s ability to take risks, the better the financial performance of the enterprise, but the risk should be appropriate. Therefore, the research on the influence of the media diversification model and entrepreneurship on the financial performance of enterprises in the environment of sustainable development has guided significance for enterprises to improve their business performance and market competitiveness.

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Too small to do it all? A meta-analysis on the relative relationships of exploration, exploitation, and ambidexterity with SME performance

Cited by 68 publications

References 151 publications

Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Ambidestreza organizacional en relaciones interorganizacionales

The Influence of Media Diversification Model and Entrepreneurship on Enterprise Financial Performance Under the Environment of Sustainable Development

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