Strategy » Strategic Ambidexterity
Very few companies can excel at innovation and efficiency at the same time. How can organizations best balance exploration and exploitation?
Breaking the inherent trade-off between search and execution will require new approaches. We describe one such approach, “co-ambidexterity,” which interweaves firms’ and customers’ search and execution processes.
Strategy is a competitive game, which always evolves in response to competition. But the magnitude of the changes in the technological, social, and natural environment are such that corporate strategy will need to be qualitatively reinvented again for new circumstances.
Why does complexity accumulate in organizations? How can we manage its costs and benefits? We explore how to measure and tame complexity, building on lessons from biological, physical, and business systems.
Being excellent at exploration (innovation) and exploitation (efficiency) at the same time is the hallmark of 2% companies—the select few that consistently outperform on both growth and profitability.
A one-size-fits-all approach to strategy doesn’t work. Use games and neuroscience theories to assess, develop, and deploy the skills each business environment requires.
The process of developing and realizing strategy within a company has remained essentially the same: strategic planning. Leaders need a new toolkit.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |