A large body of literature has explored the challenges of technological change for established firms. Much of this work has focused on factors internal to firms, such as inertial routines or managers' cognitive limitations that constrain incumbents' development of new capabilities and response...

This article empirically explores the relations between alternative organizational designs and a firm's ability to explore as well as exploit. We operationalize exploitation and exploration in terms of innovation streams; incremental innovation in existing products as well as architectural...