Theory and practice

According to Levinthal and March (1993), few firms are successful at simultaneously developing both radical and incremental knowledge, primarily due to limited resources within the firm. Explicitly focusing on either exploration or exploitation as a means of enhancing the knowledge base generally implies not focusing on the other approach. As researchers (e.g., Hedlund, 1994; Schildt, Maula, & Keil, 2005; Volberda, 1996) have pointed out, focusing on radically new knowledge and focusing on incrementally enhancing a current knowledge base often require very different types of organizational cultures, capabilities, and structures…

"Welcome aboard! We are pleased to have someone with your academic credentials working for us."

"Thank you."

"Every new employee is asked to read this book. Please read it."

Once, long ago in a land far away, there lived four little characters who ran through a Maze looking for cheese to nourish them and make them happy.

Two were mice, named “Sniff” and “Scurry”, and two were Littlepeople — beings who were as small as mice but who looked and acted a lot like people today. Their names were “Hem“ and “Haw.“

"My education didn't prepare me for this."