Managing Exploratory-exploitative Innovation in Banking Sector
نویسندگان
1 PhD Student, Production & Operations Management, Faculty of Management, University of Tehran, Tehran, Iran
2 Associate Prof. of Industrial Management, Faculty of Management, University of Tehran, Tehran, Iran
3 Prof. in Business Management, Faculty of Management, University of Tehran, Tehran, Iran
4 Assistant Prof. in Accounting, Faculty of Management and Accounting, University of Allame Tabatabaei, Tehran, Iran
doi
10.22059/imj.2018.252539.1007392چکیده
Objective: The main issue for banks is how much and how to invest in a variety of innovative activities. Innovative activities in banks are carried out in two paradoxical exploratory and exploitative poles. Methods: To answer such questions, a longitudinal multiple case study method was used. To do so, 4 banks were selected as the cases for this study and were analyzed in-depth between 2006 and 2017. Results: At first, the tensions of exploratory and exploitative innovation approaches were identified in these banks. Then, the required strategies to respond to these tensions were extracted in these banks. Conclusion: Banks strategies of response were extracted within 17 themes and were classified into the following 4 categories (dimensions): selection, separation, balance, and transcendence.
