Advancing the Conceptualization and Operationalization of Novelty in Organizational Research
Organization Science · 2011 · Volume 22 · Issue 5
Abstract
The construct of novelty is an important primitive for theories of organization learning, strategic change, and innovation. The organizational pursuit of novelty is generally theorized as necessary for long-term organizational adaptation and survival yet variance increasing in the short term. We argue that the recent explosion of studies of exploration and exploitation tend to conceptualize and operationalize novelty quite narrowly. In contrast, we treat novelty as a multidimensional construct and discuss implications of this approach for future research.
Keywords
exploration and exploitation, innovation management, novelty, organizational learning, portfolio management
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