project (exploitation) or a risky project (exploration) at each instance. We argue that there are substantial efficiency gains …

division of labor with regard to exploration and exploitation exists among the actors inside the cluster. A cluster is … a cluster organization can only persist sustainably if exploitation and exploration are pursued in an appropriate … approaches by means of exploration. In this context we are interested in the supportive role of cluster management, assuming that …

) exploration, managerial vision, organizational task-specific investments, and incentive pay. Our analysis yields testable …

exploration versus exploitation. Taking this lens, we are able to clarify the role of technological uncertainty on start … imitation. Our findings suggest that staged exploration may stall innovation as a result of the replacement effect, increasing …

more on exploitation of existing knowledge instead of exploring new technology. Enhanced monitoring by passive …