Business, Management and Accounting
6 years ago

Balanced control key to unlocking innovation in mid-sized firms

Advances in strategic management
Balanced Control as an Enabler of Organizational Ambidexterity
Karl Aschenbrücker, Tobias Kretschmer

Paper Summary

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Firms can be successful by balancing their focus on current strengths and exploring new opportunities for products. By studying mid-sized German manufacturing companies, it was found that a mix of decentralized decision-making and formal processes helps manage the challenges of pursuing innovation. This balanced control is a key factor in achieving organizational ambidexterity, where companies can effectively exploit existing competencies while exploring new ones.