The effects of slack resources and environmental threat on product exploration and exploitation

• 成果类型: Article
• 署名作者: Voss, Glenn B.; Sirdeshmukh, Deepak; Voss, Zannie Giraud
• 署名单位: Southern Methodist University; North Carolina State University; Southern Methodist University; Southern Methodist University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2008
• 页码: 147-164
• 关键词: SUSTAINED COMPETITIVE ADVANTAGE; firm performance; ORGANIZATIONAL IDENTITY; decision-making; STRATEGIC TYPES; prospect-theory; INNOVATION; RISK; trustworthiness; AMBIDEXTERITY

摘要

In a U.S. sample of nonprofit professional theaters, we examine how slack resources interact with environmental threat appraisal to influence product exploration and exploitation. We find systematic variation depending on the extent to which a resource is rare and absorbed in operations, and the extent of perceived environmental threats. Absorbed, generic resources are associated with increased exploitation and decreased exploration. Unabsorbed resources, both generic and rare, result in higher exploration and lower exploitation, but only when perceived environmental threat is high. Overall, results reveal pragmatic decision making balancing the benefits of superior strategic position against the risks of jeopardizing viability.