The Entrepreneurial Organization Is Dynamic and Ambidextrous

Book chapter, 2016

Whereas previous chapters of The Silicon Valley Model have dealt with human-factor aspects of the new approach to management—such as recognizing and recruiting talented people, building an entrepreneurial culture, and personal leadership—this chapter delves more deeply into the organizational aspects. The importance of having Dynamic Capabilities is explained, along with a closely allied topic: creating an Ambidextrous organization, able to innovate while optimizing current operations. Three fundamental ways of building innovation into the firm are considered: innovation inside present operations, innovation by separate innovation units, and different approaches to open innovation.