Publication
Title
Exploration and exploitation in innovation systems : the case of pharmaceutical biotechnology
Author
Abstract
This paper develops a theoretical framework for an explanation of how exploitation and exploration build on each other, in a 'cycle of discovery', developed in earlier research. The framework is tested empirically, in the sense of seeing whether it can help to reconstruct and understand the emergence of the pharmaceutical industry. One of the conclusions is that whereas recent literature stresses the idiosyncratic nature of the biotechnological revolution, our analysis seems to reveal that this does not seem to be as unique as suggested. From this, we conclude that the theoretical framework we propose, serves its purpose of explanation. But there are also some lessons for improving it. (c) 2005 Elsevier B.V. All rights reserved.
Language
English
Source (journal)
Research management / Industrial Research Institute. - Westport, Conn., 1958 - 1987
Publication
Westport, Conn. : 2006
ISSN
0034-5334
Volume/pages
35:1(2006), p. 1-23
ISI
000235578500001
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Publication type
Subject
Law 
External links
Web of Science
Record
Identification
Creation 06.11.2013
Last edited 25.06.2017