Managing uncertainty effectively is perhaps one of the most significant challenges a firm's decision makers face today. Strategic entrepreneurship--defined as exploration for future sources of competitive advantage, combined with exploitation of current sources of competitive advantage--has been proposed as a means via which decision makers can manage uncertainty. In this article, we discuss the transition between exploration and exploitation activities within organizations as a vital part of strategic entrepreneurship; this transition process can involve various types of internal firm challenges. Additionally, we highlight various sources for these internal challenges and mechanisms through which firms can overcome them.
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Volume (Year): 52 (2009) Issue (Month): 5 (September) Pages: 469-479 Download reference. The following formats are available: HTML
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