Exploitation and exploration within and across the lenses of a stakeholder: the cross-boundary ambidextrous domain
Exploitation and exploration within and across the lenses of a stakeholder: the cross-boundary ambidextrous domainAngeloantonio Russo - Rosamartina Schena
Objectives. Referring to the concepts of stakeholder domain, this study analyzing the tends of a firm to balance the exploration/exploitation towards internal/external stakeholder domain (i.e., cross-boundary ambidextrous domain), “ In particular, the paper observes the impact of stakeholder domain on financial, non-financial and innovative firms performance.
Methodology. For the study, financial, non-financial and innovative data relating to companies listed in the Fortune 500 were collected, over the period 2010-2018. After a content analysis on firm non-financial reports, a series of hierarchical regression analyzes were performed.
Findings. Results confirm that cross-boundary stakeholder domain positive impact on firms financial, non-financial and innovative performance.
Research limits. Future research could modify the sampling strategy considering companies belonging to specific industries, or geographical contexts. Finally, analyzes with time lag greater than one year could be performed.
Practical implications. This study provides a strategy for addressing the challenge in managing the interests of both internal and external stakeholders. Furthermore, it suggests to managers how to reconcile different needs to create value, make resources more efficient and obtain benefits.
Originality of the study. This paper proposes an innovative theoretical framework investigating exploration, exploitation, and a balance within and across the two to responds to the challenge of understanding the management of ambidexterity theory in inter-organizational contexts and outside the traditional domains of knowledge.#ambidexterity #bridge of innovation #cross boundary ambidexterity #exploitation #exploration #stakeholder domain