On exploratory and exploitative innovation

In Journal of Management:

Our results show that national culture has a strong impact on the success of exploratory innovations, whereas only uncertainty avoidance influences the benefits derived from exploitative innovations. Socioeconomic conditions are equally important for the success of both innovation types. Our findings are of high practical relevance as due to increasing globalization more and more firms operate internationally and managers have choices regarding the location of their exploratory and exploitative innovation activities.