Year: 2013
Type: conference-paper
Abstract: Organizational routines have been perceived as stable targets of selection forces.This traditional assumption of the stability of routines, however, has been challenged by recent research pointing to the variability of routines.Drawing on a nuanced understanding of organizational routines, this study examines how such duality of routines influences organizational change.Using a simple theoretical model, we show that routine-level inertia, in conjunction with bounded rationality in planning changes, engenders a potential of exploration which fosters organizational adaptation.Consequently, the dual properties of routines help enhance organizational reliability and long-run performance in task environments characterized by complexity and myopic selection.We discuss how this advanced understanding of the role of routines helps elaborate the theory of economic evolution.
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2120074571