Strategic management is a system of continual disequilibrium, with firms in a continual struggle for competitive advantage and relative fitness. Models that are

Agent-based modeling and simulation (ABMS), a way to simulate a large number of choices by individual actors, is one of the most exciting practical developments

As the life span of business models has shrunk, firms have had to review their strategic intent, develop strategic initiatives in fast and imaginative ways, and

In this paper, we explore the application of the construct exploitation and exploration at the level of the corporate strategy of the firm. For that purpose, we

The essential textbook on agent-based modeling—now fully updated and expanded Agent-Based and Individual-Based Modeling has become the standard textbook on th