Adding interpersonal learning and tacit knowledge to March's exploration-exploitation model

Authored by Roger J. Calantone, Meng Zhao, Kent D. Miller

Date Published: 2006-08

Sponsors: No sponsors listed

Platforms: MATLAB

Model Documentation: Other Narrative

Model Code URLs: Model code not found

Abstract

In his classic article on exploration and exploitation, March (1991) presented an agent-based model simulating learning within an organization. His model includes mutual learning between individuals and an organizational code. We extend March's model by (1) allowing for direct interpersonal learning, (2) locating individuals in a space, which makes the distinction between local and distant search relevant, and (3) recognizing that knowledge has a tacit dimension that cannot be transmitted through codification. We also consider the implications of personnel turnover for learning over time. Our results qualify and extend March's (1991) conclusions.

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