Posen, Hart E.; Levinthal, Daniel A. - In: Management Science 58 (2012) 3, pp. 587-601
changed, thereby eroding the value of utilizing existing knowledge. On the surface, the claim that organizations should adapt … by generating new knowledge seems obvious and compelling. However, this standard wisdom overlooks the possibility that … the reward to generating new knowledge may itself be eroded if change is an ongoing property of the environment. This …