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What is Exploitation and Exploration

Chapter 6
Encyclopedia of Information Science and Technology, Third Edition
Exploitation refers to improving existing technological expertise, while exploration is developing new areas of technological expertise outside the existing knowledge stock of a firm.
Published in Chapter:
Technology-Based Mergers and Acquisitions
Daojuan Wang (Aalborg University, Denmark) and Hamid Moini (University of Wisconsin-Whitewater, USA)
Copyright: © 2015 |Pages: 12
DOI: 10.4018/978-1-4666-5888-2.ch006
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