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Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm

Studies of exploration and exploitation strategies in small or medium-sized enterprise (SME) firms highlight resource scarcity as a critical issue. Imperatively, SME firms need to allocate their scarce resources efficiently in order to implement exploration and/or exploitation strategies. However, s...

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Main Authors: Ibrahim, Norshamsiah, Mohd. Rizal, Adriana, Ong, Choon Hee, Baskaran, Shathees, Sahimi, Musli
Format: Article
Published: Inderscience Publishers 2020
Subjects:
H Social Sciences (General)
HB Economic Theory
HF Commerce
Online Access:http://eprints.utm.my/id/eprint/89853/
http://dx.doi.org/10.1504/IJEV.2020.109595
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spelling my.utm.898532021-03-04T02:47:26Z http://eprints.utm.my/id/eprint/89853/ Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm Ibrahim, Norshamsiah Mohd. Rizal, Adriana Ong, Choon Hee Baskaran, Shathees Sahimi, Musli H Social Sciences (General) HB Economic Theory HF Commerce Studies of exploration and exploitation strategies in small or medium-sized enterprise (SME) firms highlight resource scarcity as a critical issue. Imperatively, SME firms need to allocate their scarce resources efficiently in order to implement exploration and/or exploitation strategies. However, studies of resource allocation between exploration and exploitation strategies in SME family firms are limited. The main objective of this research, in the context of SME family firms, is to explore the types of resources allocated between exploration and/or exploitation strategies and what circumstances both strategies can be implemented. The nature of a family firm, known as 'familiness', provides an opportunity to further investigate this unique resource. This research utilises a case study methodology and a Malaysian SME family firm is selected due to its importance in terms of economic and social development. The study found that the abilities and familiness of a family firm are the main factors in allocating resources for exploration and exploitation strategies. In fact, cultural differences between the first and second generation have an impact on the engagement of the firm with respect to exploration and exploitation strategies. The result enhances the understanding of resource allocation and enriches the theories in studies of family firms. Inderscience Publishers 2020-06 Article PeerReviewed Ibrahim, Norshamsiah and Mohd. Rizal, Adriana and Ong, Choon Hee and Baskaran, Shathees and Sahimi, Musli (2020) Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm. International Journal of Entrepreneurial Venturing, 12 (4). pp. 355-375. ISSN 1742-5360 http://dx.doi.org/10.1504/IJEV.2020.109595 DOI:10.1504/IJEV.2020.109595
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic H Social Sciences (General)
HB Economic Theory
HF Commerce
spellingShingle H Social Sciences (General)
HB Economic Theory
HF Commerce
Ibrahim, Norshamsiah
Mohd. Rizal, Adriana
Ong, Choon Hee
Baskaran, Shathees
Sahimi, Musli
Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
description Studies of exploration and exploitation strategies in small or medium-sized enterprise (SME) firms highlight resource scarcity as a critical issue. Imperatively, SME firms need to allocate their scarce resources efficiently in order to implement exploration and/or exploitation strategies. However, studies of resource allocation between exploration and exploitation strategies in SME family firms are limited. The main objective of this research, in the context of SME family firms, is to explore the types of resources allocated between exploration and/or exploitation strategies and what circumstances both strategies can be implemented. The nature of a family firm, known as 'familiness', provides an opportunity to further investigate this unique resource. This research utilises a case study methodology and a Malaysian SME family firm is selected due to its importance in terms of economic and social development. The study found that the abilities and familiness of a family firm are the main factors in allocating resources for exploration and exploitation strategies. In fact, cultural differences between the first and second generation have an impact on the engagement of the firm with respect to exploration and exploitation strategies. The result enhances the understanding of resource allocation and enriches the theories in studies of family firms.
format Article
author Ibrahim, Norshamsiah
Mohd. Rizal, Adriana
Ong, Choon Hee
Baskaran, Shathees
Sahimi, Musli
author_facet Ibrahim, Norshamsiah
Mohd. Rizal, Adriana
Ong, Choon Hee
Baskaran, Shathees
Sahimi, Musli
author_sort Ibrahim, Norshamsiah
title Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
title_short Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
title_full Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
title_fullStr Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
title_full_unstemmed Resource allocation between exploration and exploitation strategies: a case study of a Malaysian SME family firm
title_sort resource allocation between exploration and exploitation strategies: a case study of a malaysian sme family firm
publisher Inderscience Publishers
publishDate 2020
url http://eprints.utm.my/id/eprint/89853/
http://dx.doi.org/10.1504/IJEV.2020.109595
_version_ 1693725955514695680
score 13.211869

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