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Exploration and exploitation in project-based organizations: Development and diffusion of knowledge at different organizational levels in construction companies
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0002-1746-2637
2013 (English)In: International Journal of Project Management, ISSN 0263-7863, E-ISSN 1873-4634, Vol. 31, no 3, p. 333-341Article in journal (Refereed) Published
Abstract [en]

Management studies highlight the importance of an organization's capability to both exploit existing knowledge and technologies for short-term profits and also explore new knowledge and technologies to enhance long-term innovation. Although this paradox recently has received escalating interest in management research, studies dealing with project-levels and project-based organizations (PBOs) are scarce. This conceptual paper discusses how PBOs in the construction industry can manage the exploration/exploitation paradox at different organizational levels. Short-term project focus and decentralization inhibits learning from one point in time and space to another, making it easier to reap the benefits of exploitation than of exploration. Current structural and sequential separation of exploration and exploitation activities at business unit, project portfolio, and project levels do not solve the paradox, due to lack of integrating mechanisms. Hence, PBOs in the construction industry may suffer from inadequate extent of exploration, while the extent of exploitation is not reaching its potential. Cooperative procurement procedures can serve as a basis for facilitating both exploration and exploitation of knowledge and technologies in construction projects.

Place, publisher, year, edition, pages
2013. Vol. 31, no 3, p. 333-341
National Category
Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-9786DOI: 10.1016/j.ijproman.2012.07.005ISI: 000316435900002Scopus ID: 2-s2.0-84874316253Local ID: 877a8d05-4604-4e20-b697-99865375206aOAI: oai:DiVA.org:ltu-9786DiVA, id: diva2:982724
Note
Validerad; 2013; 20120821 (andbra)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Eriksson, Per-Erik

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  • apa
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