COPY: Open vragen Strategic

Play an AI-generated podcast conversation about this lesson

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

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

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

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

Creativity characteristics for innovation

Beyond creativity, breakthrough innovation requires a sense of separateness, idealism, and extreme self-efficacy.

Sense of separateness in innovators

A characteristic of breakthrough innovators involving independent thinking, potential for isolation, resource limitations, and emotional challenges.

Idealism's role in innovation

A deep-seated desire to change the world, acting as a strong internal drive for innovation.

Extreme self-efficacy in innovators

Strong belief in one's ability to overcome challenges and see projects through, a crucial component of innovation.