Coordinated Exploration: Organizing Joint Search by Multiple Specialists to Overcome Mutual Confusion and Joint Myopia

In this paper, we use an agent-based simulation model to investigate how coordinated exploration by multiple specialists, as in new product development, is different from individual search. We find that coordinated exploration is subject to two pathologies not present in unitary search: mutual confu...

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Bibliographic Details
Main Authors: KNUDSEN, Thorbjørn, SRIKANTH, Kannan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4633
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5632/viewcontent/CoordinatedExploration_2013_pp.pdf
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Institution: Singapore Management University
Language: English