What does ambidexterity mean in the organizational context

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The telecommunications equipment company Lucent pioneered a new type of organizational structure where employee ideas for ventures were located and supported in an autonomous unit called Lucent Ventures. Lucent's management believed that Lucent Ventures played an important role in allowing Lucent to become ambidextrous. What does ambidexterity mean in the organizational context and why is it an important attribute to possess? How does a unit like Lucent Ventures contribute to organizational ambidexterity?

Reference no: EM13225482

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