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Do established firms explore more in punctuated environments?

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  • Jun Lin

Abstract

I introduced the punctuated equilibrium theory to account for the fast emergence of new business 'species' in the internet era. The commercial use of the internet altered the industrial environment with new challenges and opportunities, constituting a phase of environmental punctuation. This study examined how established firms respond strategically to such an environment by reorienting to the exploration of new possibilities. I collected data by a content analysis approach using 95 randomly sampled firms during the period of 1998-2001. The results from MANOVA suggested the strategic differences between firms from industries with or without 'environmental punctuation'. Firms that must cope with environmental punctuation, initiate strategic actions more frequently, and their strategic actions are more novel with wider breadth. This study enriches the understanding of the forms and contexts of organisational exploratory learning. Environmental punctuation is envisioned as the suitable context for strategic exploration.

Suggested Citation

  • Jun Lin, 2023. "Do established firms explore more in punctuated environments?," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 14(3), pages 351-369.
    • Handle: RePEc:ids:ijbenv:v:14:y:2023:i:3:p:351-369
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