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Complex Business Models: Managing Strategic Paradoxes Simultaneously

Authors
Journal
Long Range Planning
0024-6301
Publisher
Elsevier
Publication Date
Volume
43
Identifiers
DOI: 10.1016/j.lrp.2009.12.003

Abstract

As our world becomes more global, fast paced and hypercompetitive, competitive advantage may increasingly depend on success in managing paradoxical strategies - strategies associated with contradictory, yet integrated tensions. We identify several types of complex business models organizations will need to adopt if they are to host such paradoxical strategies. Managing complex business models effectively depends on leadership that can make dynamic decisions, build commitment to both overarching visions and agenda specific goals, learn actively at multiple levels, and engage conflict. Leaders can engage these functions through team-centric or leader-centric structures.

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