Working Paper | HBS Working Paper Series | 2011

Embracing Paradox

by Michael Tushman, Wendy K. Smith and Andy Binns

Abstract

Trying to resolve the paradox between innovation and the core business only weakens the CEO and dooms the company. Exceptional leaders embrace tensions associated with exploiting prior strategies even as they explore into the future.

Keywords: Cash Flow; Innovation Strategy; Leadership; Management Teams; Resource Allocation; Conflict of Interests; Business Strategy;

Citation:

Tushman, Michael, Wendy K. Smith, and Andy Binns. "Embracing Paradox ." Harvard Business School Working Paper, No. 11-110, April 2011.