Answer :
Paradoxes in business present opportunities for growth and innovation by challenging traditional ways of thinking. Embracing contradictions and finding long-term solutions are essential for organizational success.
a) Opportunities
Paradoxes are counter-intuitive conclusions or outcomes that seem to defy common sense and business acumen. In business, paradoxes can be seen as opportunities for growth and innovation, challenging traditional ways of thinking.
Smith and Lewis (2011) emphasize that embracing contradictions and finding long-term, sustainable solutions to paradoxes is key for organizational success. While other management theories focus on choosing between competing demands, paradox theory posits that continuous efforts to meet divergent demands lead to long-term sustainability.
a) Opportunities
