Managing digital business platforms: A continued exercise in balancing renewal and refinement |
| |
Authors: | Ramiro Montealegre Kishen Iyengar |
| |
Affiliation: | 1. Leeds School of Business, University of Colorado at Boulder, 419 UCB, Boulder, CO 80309, U.S.A.;2. College of Business, Northern Illinois University, DeKalb, IL 60115, U.S.A. |
| |
Abstract: | Central to the evolution of a digital business platform is the organization’s ability to balance exploration (renewal) and exploitation (refinement) simultaneously. Drawing on prior research—including digital platforms, contradictory tensions, and organizational ambidexterity—and our own experience investigating digital business platforms in organizations, this article provides insights into how executives can manage this evolution successfully. More specifically, we present a framework recognizing three pairs of organizational capabilities (i.e., identifying-nourishing, expanding-legitimating, and augmenting-embedding) that enable balancing renewal and refinement of the platform over time. We close by providing critical managerial practices that executives can use in anticipating, adjusting, and evaluating the evolution of a digital business platform over time, including its initiation, development, and growth. |
| |
Keywords: | Digital business platforms Organizational capabilities Ambidexterity Renewal and refinement Exploration and exploitation |
本文献已被 ScienceDirect 等数据库收录! |
|