Ambidexterity refers to being able to address market needs on the one hand andtechnological challenges on the other.1 pointTrueFalse

Final Answer

True

Ambidexterity in the context of business and innovation refers to an organization's ability to successfully balance the dual demands of exploiting existing capabilities (addressing market needs) while simultaneously exploring new opportunities (technological challenges). This concept suggests that companies must be able to focus on current market effectiveness while also investing in innovation and emerging technologies to ensure long-term success. Companies that exhibit ambidexterity can adapt to changes in their environment, respond to customer demands, and remain competitive by leveraging both proven methods and experimental approaches. Thus, the statement is accurate in identifying the dual focus associated with ambidexterity.