Exploration and Exploitation in Crisis EnvironmentOsiyevskyy, O., Shirokova, G., & Ritala, P. (2020). Exploration and exploitation in crisis environment: Implications for level and variability of firm performance. Journal of Business Research, 114, 227-239.
You were first introduced to this article in Week 3; however, you will revisit it again in light of its relationship to “trust” in the organization. In this work, you examine a framework that discusses exploration and exploration during a period of organizational crisis. The authors investigate how the severity of the crisis impacts the performance level within the organization and the trust followers have in their leader.