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Technological Activities and Their Impact on the Financial Performance of the Firm: Exploitation and Exploration Within and Between Firms' - Essay Example

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It is vital to note that this paper analyzes technological strategies’ impact on financial performance of a firm. It is analytic in the sense of relating different firm articulations to financial scenarios…
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Technological Activities and Their Impact on the Financial Performance of the Firm: Exploitation and Exploration Within and Between Firms
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"Technological Activities and Their Impact on the Financial Performance of the Firm: Exploitation and Exploration Within and Between Firms'"

Download file to see previous pages It is analytic in the sense of relating different firm articulations to financial scenarios. It is in the view of finding the best alternative, among various decisions, for a firm. The paper operates in two dimensions. To begin with, it analyzes explorative against exploitative strategies. Secondly, it analyzes collaborative versus solitary strategies. It further merges these two dimensions that give rise to four compartments of the research orientation. This pertains to collaborative explorative and exploitative activities. It also pertains to solitary explorative and exploitative activities. It is vital to note that the research relied on technology alliances literature and organizational learning theory. This refers to the secondary data used. The examples of secondary data in the study include statistics and literature on management and marketing theory. Statistics provided rich backgrounds for guiding the study and providing the study with grounds for management theories (Wang and Pizam, 2011, p. 87). However, the analysis was more complex as it involved the use of graphs and curves in reaching conclusions. This pertains to the use of Tobin’s Q index in measuring market performance. It was a market value indicator. The curves and graphs helped show relationships between variables. This pertains to financial performance and strategies’ relationships. Purpose of the study This study has notable purposes. For instance, it strives to find solutions for treatment of patents as regards their ages. In addition, it strives to give information for proper management decisions as regards different cases. This means that there could be different scenarios for management as regards the age of firms and invention. Besides, such information would be vital for balance of different strategies that bear financial success to firms. Concisely, this paper is critical for treatment of innovation in ways that accord feasible financial plans. In this sense, the research fills a gap that previous research in the field has missed. Methodology The research is a qualitative one that stresses abstract concepts such as innovation and value of decisions. However, it is vital to note that the research has quantitative aspects that it utilizes to analyze the data qualitatively. The overly qualitative aspect of the research reveals in the utility of terms such as explorative and exploitative aspects. The term exploitative is employed to refer to the age of patents and innovations. Exploitative aspects of a firm’s strategies refer to enhancing financial capabilities by means of strategies such as refinement and standardization. On the other hand, exploration refers to an act of raising performance platforms, or creating new capabilities, through means such as research and experimentation. This dichotomy is employed in the research whereby it accounts for quantitative aspects such as efficiency and financial success. However, it is vital to note that the results of such strategy articulations are quantitative (Cole 2004, p. 68). It is clear that this research is an experimental one that has two types of variables. This pertains to a dependent and an independent variable. The dependent variable, in this case, refers to a financial success. This is because it relies on different firms’ strategies for particular quantitative results. On the other hand, strategies are independent variables because they determine particular financial success of various scenarios (Fandel, 2003, p. 167). This makes a relation between these variables for easy plotting in graphs and curves. In this case, it makes the research develop an analytic approach. The distinction pertains to the idea that it analyses the results ...Download file to see next pagesRead More
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