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Title: | The Long March: The quest for valid text-based indicators of exploration and exploitation | Authors: | Ugur, Nazlihan Belderbos, Rene KELCHTERMANS, Stijn LETEN, Bart |
Issue Date: | 2024 | Publisher: | SAGE PUBLICATIONS LTD | Source: | Strategic Organization, | Status: | Early view | Abstract: | Since March outlined the importance of balancing exploration and exploitation in organizational learning, the exploration-exploitation paradigm has received substantial attention in the management literature. Recent studies have used computer-aided text analysis to construct measures of firms' inclination towards exploration or exploitation, using the original set of keywords proposed by James G. March. We propose a structured series of tests to assess the validity of computer-aided text analysis-based measures and demonstrate that the approach used in prior studies is unlikely to deliver valid indicators. We demonstrate that an alternative approach, which relies on a larger library of keywords, including synonyms of the March keywords and selects only those keywords that are informative and that pass validity tests, delivers valid computer-aided text analysis indicators - both for unstructured (news articles) and structured text-bases (annual reports). Our study contributes to the literature on construct validity and has broader implications for the development of computer-aided text analysis-based indicators in strategy and organization research. | Notes: | Ugur, N (corresponding author), Nyenrode Business Univ, Straatweg 25, NL-3620 AC Breukelen, Netherlands. n.ugur@nyenrode.nl |
Keywords: | ambidexterity;computer-aided text analysis;content analysis;exploitation;exploration;firm performance | Document URI: | http://hdl.handle.net/1942/42822 | ISSN: | 1476-1270 | e-ISSN: | 1741-315X | DOI: | 10.1177/14761270241231724 | ISI #: | 001191854100001 | Rights: | The Author(s) 2024 | Category: | A1 | Type: | Journal Contribution |
Appears in Collections: | Research publications |
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