With an Ambidextrous Organization, There Is a Tension Between Succeeding

question 177

Essay

With an ambidextrous organization, there is a tension between succeeding at what the organization is good at now and the opportunities immediately available and the development of new directions.This tension is sometimes referred to as exploiting versus exploring.Please explain the meaning of these two words and explain how an organization's ambidextrous structure can balance the two.

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Definitions:

Third-Party Mediation

Third-party mediation is a conflict resolution process where an impartial person helps disputing parties to come to an agreement or solution.

Collective Agreement

A legally binding agreement resulting from negotiations between an employer and a labor union representing the employees.

Individualized Contracts

Contracts that are specifically tailored to the unique needs and circumstances of the parties involved, often requiring extensive negotiation.

Severance Pay

Compensation paid to an employee upon termination of employment, often based on length of service.