Business Administration 3300K Study Guide - Quiz Guide: Niels Bohr, Michael L. Tushman, Dynamic Equilibrium

• School: Western University
• Department: Business Administration
• Course: Business Administration 3300K
• Professor: Alexander Miller

Document Summary

Moo session 2: both/and leadership smith, lewis, tushman: introduction, goal of leadership is to maintain dynamic equilibrium. Separating the imperatives that are in conflict with one another & then managing connections between them in order to leverage interdependencies and benefit from synergies: the paradoxes of leadership. Paradoxes: imperatives that are in conflict with each other; tensions: paradoxes fall into three categories related to three questions that many leaders perceive as. 2. 1 are we managing for today or for tomorrow. Innovation paradoxes: tensions between today and tomorrow, existing offerings and new ones, stability and change. 2. 2 do we adhere to boundaries or cross them. Globalisation paradoxes: tensions between global interconnection and local needs, breadth and depth, collaboration and competition. 2. 3 do we focus on creating value for our shareholders & Investors or for a broader set of stakeholders. Obligation paradoxes: tensions between maximising profits for the firm & trying to generate wider benefits for investors, employees, customers and society.