中文摘要：

组织学习理论将企业利用式学习和探索式学习看作企业多元化活动的两种形式,而利用式学习和探索式学习对企业短期财务绩效分别有正向和负向影响,故需要保持这两种学习模式的均衡。通过对企业＂间断均衡＂和＂双元均衡＂这两种基本均衡模式的分析,笔者发现,在企业多元化过程的不同时期,企业多元化与企业绩效之间可能呈现出或正、或负、或U型、或倒U关系,这从理论上对多元化与企业绩效关系不一致的研究结果给出了合理的阐释。

英文摘要：

Exploitive learning and explorative learning are considered to be two models of diversification,but they respectively have positive and negative effects on short-term financial performance,so it is necessary to keep these two kinds of learning models equilibrium.By analyzing the punctuated equilibrium and ambidexterity equilibrium respectively,this paper discovers corporate diversity and corporate performance may have positive,or negative,or U-,or inverted U relationship at different stages in the process of diversification,which provides a reasonable theoretical interpretation to the inconsistent results on the relationship between diversity and performance.