Strategies for managing paradoxes


Paradoxical tensions are the persistent contradictions between interdependent elements.

Paradoxical tensions are ubiquitous in business and management activities, such as the tensions between stability and adaptability, exploration and exploitation, as well as individual actions and collective actions. Due to its interdependent nature, paradoxical tensions cannot be eliminated. However, they can be constructively and creatively addressed to allow for the co-existence of extremes by adopting paradoxical strategies. Although the literature has proposed several paradoxical strategies and has reported some practical examples of these strategies, our understanding of what paradoxical strategies are and how to implement paradoxical strategies is still very limited. This research project aims to clarify various paradoxical strategies and explore the features and applicability of these paradoxical strategies. This research project will produce a paradoxical strategy manual. This manual walks industry professionals through a systematic set of paradoxical strategies and instructs them on how to implement these strategies.This research is pioneering in operationalising paradoxical strategies. It will bridge the academic wisdom on paradoxical strategies and industry practices. It will arm organisations with a new set of tools to manage paradoxes and enable more intelligent and creative business decisions to achieve both/and conflicting goals, thus building strategic competitiveness in their industry sectors.

Project Lead: Dr Yancong Xie yc.xie@qut.edu.au