✅ Related keywords: balance of exploration and exploitation
The ability of a firm to change their business smoothly in preparation for the future, all the while supporting their current operations. Ambidexterity is difficult to achieve, because the skills and structure needed to maintain current business operations and prepare for the future are different. This is because preparation for the future through innovation is usually more organic, while maintaining the current business strategy is more mechanistic.
More innovation terms explained.
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