Open vragen Strategic

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Questions and Answers

Creativitiy is not enough, what are the other 3 characteristics...

Sense of seperateness
Idialism
Extreme self-efficacy

When combining the traits what will it do?

It will increase an inidividual's abilitiy to develop, pursue and succeed in bringing transformative ideas to life.

One of the most notable characteristics of breakthrough innovator is ...

A sense of separateness, this allows them to think differently and pursue original ideas but it also may come with social isolation, reduced acces to resources and psychic distress.

The paper emphasizes the role of....

Extreme self-efficacy. This helps innovator overcome challenges that would deter others, giving them the perseverance to see their projects to completion. Signup and view all the answers

What is a powerful motivator for breakthrough innovators?

Idealism, this provides innovators with a deep intrinsic drive to change the world. Signup and view all the answers

Collective dynamics

These traits work in tandem, reinforcing each other and increasing the likelihood of succes. Signup and view all the answers

Conclusion of the traits

While these traits do not guarantee innovation. Understanding these traits could help unlock the latent creativity and innovation potential within individuals who might not otherwise pursue extraordinary ideas. Signup and view all the answers

Organizational ambidexterity refers to:

the ability to balance exploitation and exploration at the same time. Signup and view all the answers

Early studies regarding ambidexterity show....

<ol> <li>Stable environments -> mechanistic structures</li> <li>Dynamic environments -> organic structures</li> </ol> Signup and view all the answers

Exploitation is...

about, efficiency, certainty and maximizing current resources Signup and view all the answers

Exploration is about...

searching for new opportunities, taking risks and innovating. Signup and view all the answers

Ambidexterity leads to benefits such as:

<ol> <li>Innovation</li> <li>Firm growth</li> <li>Survival</li> </ol> Signup and view all the answers

Three ways in which organizations achieve ambidexterity:

<ol> <li>Sequential ambidexterity: involves switching between periods of exploitation and exploration.</li> <li>Structural ambidexterity: organizations create separate units or teams for exploration and exploitation</li> <li>Contextual ambidexterity: the firm fosters a culture i which employees are encouraged to engage in both exploitative and explorative activities/</li> </ol> Signup and view all the answers

Challenges in achieving ambidexterity

<ol> <li>Firms struggle balance both, because the systems that work for one can inhibit the other</li> <li>Organizational resistance</li> </ol> Signup and view all the answers

Several areas where more research is needed:

<ol> <li>Definitional clarity: What is meant by exploration and exploitation</li> <li>Leadership and ambidexterity: What is the role of leadership</li> <li>Timing and context: The timing of when to pursue exploration and exploitation is also an open question</li> </ol> Signup and view all the answers

Why must organizations embrace both strategies at the same time?

To maintain adaptability and competitiveness. Signup and view all the answers

Paradoxical cognition allows top management to...

accept and manage these contradictions, rather than seeing them as a binary choice. This involves separating and integrating these conflicting agendas to ensure that both strategies thrive. Signup and view all the answers

Firms to focus to heavily on exploitation...

they risk becoming stagnant, unable to adapt to disruptive technological changes. Signup and view all the answers

Firms that prioritize exploration ...

might fail to achieve operational efficiency and scale, leading up to unsustainable cost and inefficiencies. Signup and view all the answers

Ambidextrous designs,

organizational structures that allow firms to pursue both exploration and exploitation by creating separate units/divisions. These have distinct goals, proces and cultures, yet top management integrates them, ensuring that the company balances short-term efficiency with long term innovation. Signup and view all the answers

Top Management teams play a critical role determining how an organization balances exploitation and exploration....

they must make strategic decisions about resource allocation, organizational structure, and process design that support both activities. Signup and view all the answers

Barriers achieving exploration and exploitation...

<ol> <li>Structural inertia: this inertia makes it difficult for organizations to pivot towards exploration.</li> <li>Cognitive bias: where managers tend to favor exploitation over exploration because the former offers more immediate and tangible returns.</li> <li>Risk aversion: managers are often more comfortable supporting projects that ensure short-term gains.</li> </ol> Signup and view all the answers

Paradoxical cognition involves two key processes

<ol> <li>Differentiation: the process requires recognizing the distinct needs, strategies and organizational structures associated with exploration and exploitation</li> <li>Integration: focuses on finding synergies between them</li> </ol> Signup and view all the answers

Models of embracing paradoxical cognition

<ul> <li>Leadercentric Teams: the primary responsibility for balancing exploration and exploitation rests with the leader. The leader acts as the integrator.</li> <li>Teamcentric Teams: the responsibility for balancing exploration and exploitation is shared among all team members.</li> </ul> Signup and view all the answers

Both models can be effective, it depends on:

<ul> <li>organization's context</li> <li>the nature of the challenges it face</li> <li>leadership</li> </ul> Signup and view all the answers

Future research of the models in managing strategic contradictions

in the future they should explore how different organizational contexts and leadership styles impact the effectiveness of these models in managing strategic contradictions. Signup and view all the answers

Risk of conflict: Quality of decision:

Leadercentric Risk of conflict: Low Quality of decision: Low Teamcentric: Risk of conflict: High Quality of decision: High Signup and view all the answers

Study Notes

Characteristics of Breakthrough Innovators

Creativity is only one of four traits.
Other key traits are passion, perseverance, and a willingness to take risks.
When combined, these traits lead to significant breakthroughs that impact the world.
One of the most notable characteristics of breakthrough innovators is their ability to see problems and opportunities that others miss.
The paper emphasizes the role of collective dynamics in fostering breakthrough innovation.
Collective dynamics are a powerful motivator for breakthrough innovators.
These collective dynamics help them to push through challenges and achieve their goals.

Organizational Ambidexterity: Balancing Exploitation and Exploration

Organizational ambidexterity refers to the ability of an organization to simultaneously exploit its existing resources and capabilities while exploring new ones.
Early studies regarding ambidexterity show that organizations that can balance exploitation and exploration are more likely to achieve sustainable success.
Exploitation is about maximizing current resources and capabilities.
Exploration is about seeking new opportunities and developing new resources.
Ambidexterity leads to benefits such as enhanced innovation, increased competitiveness, and improved adaptability.

Achieving Ambidexterity: Structures and Processes

Three ways in which organizations achieve ambidexterity:
- Structural ambidexterity involves creating separate organizational units to focus on exploration and exploitation.
- Process ambidexterity involves developing processes that allow organizations to balance exploration and exploitation within the same unit.
- Contextual ambidexterity involves creating conditions where both exploration and exploitation can thrive.
Challenges in achieving ambidexterity include coordinating activities across units, ensuring resource allocation, and fostering a culture of innovation.
Several areas where more research is needed: How to measure ambidexterity, the impact of leadership on ambidexterity, and the role of culture in ambidexterity.

The Importance of Paradoxical Cognition

Organizations must embrace both exploitation and exploration strategies at the same time because they are both essential for long-term success.
Paradoxical cognition allows top management to hold seemingly contradictory beliefs and integrate seemingly incompatible perspectives.
Firms that focus too heavily on exploitation risk becoming stuck in the past.
Firms that prioritize exploration risk failing to capitalize on their existing resources.
Ambidextrous designs can help organizations navigate these issues by creating flexible structures and processes that allow them to adapt to changing environments.

The Role of Top Management in Driving Ambidexterity

Top Management teams play a critical role in determining how an organization balances exploitation and exploration.
Barriers to achieving both exploration and exploitation include lack of resources, fear of failure, and resistance to change.
Paradoxical cognition involves two key processes: simultaneously holding contradictory beliefs and integrating seemingly incompatible perspectives.

Models of Paradoxical Cognition

Two models of embracing paradoxical cognition:
- The "ambidextrous organization" model: Emphasizes the need to create separate units for exploration and exploitation.
- The "dynamic capabilities" model: Emphasizes the need to develop capabilities that allow organizations to adapt to changing environments.
Both models can be effective, it depends on the specific context of the organization.
Future research is needed on these models in managing strategic contradictions.

Implications and Risks of Paradoxical Cognition

Risk of conflict: When managers hold contradictory beliefs, it can lead to disagreements and conflict.
Quality of decision: Paradoxical cognition can lead to more creative and innovative decision-making.

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Description

Explore the essential traits that complement creativity. This quiz delves into the three additional characteristics that enhance creative talent in various fields. Test your understanding of what it takes to be successful beyond just being creative.

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