Pages

Saturday, December 2, 2017

The difference between Exploitation, exploration and ambidextrous

Exploitation: when firm making small exploitative changes to the existing technology and the existing customer base and how you reach them.
And when firm making some exploration either finding ways to incorporate very different technologies, or getting two very different markets, or some combination of both.

While balancing, exploration, and exploitation in the established firm, being ambidextrous because you can work with both hands and balance these two activities.