TY - GEN A1 - Stöckmann, Christoph A1 - Kensbock, Julia A1 - Urbig, Diemo T1 - Synthesizing a new conceptual and empirical understanding of ambidexterity and its effects on firm performance T2 - 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023 N2 - Ambidexterity is a wide-established and popular construct that promises to combine two seemingly opposing strategic actions—exploration and exploitation—for higher firm performance. Nevertheless, the (apparently peaceful) coexistence of two different conceptions of ambidexterity hampers a unified theoretical and empirical understanding in the field. This study introduces a new conceptual framework to study ambidexterity and its effects on firm performance. We propose that firms need to overcome two distinct types of trade-off—a trade-off in effects and a trade-off in implementing exploration and exploitation. If firms manage to be ambidextrous in effects and ambidextrous in implementing, they will achieve what we consider a higher-order synergetic ambidexterity. In addition to our theoretical framework, we provide an empirical illustration based on a commonality analysis. Our findings demonstrate how (a) independent effects of exploration and exploitation, (b) interaction effects of exploration and exploitation (representing ambidexterity in effects), and (c) shared effects of exploration and exploitation (representing ambidexterity in implementing) separately and jointly contribute to higher firm performance. We find that the highest effect on firm performance can be observed when firms are both ambidextrous in effects and ambidextrous in implementing. KW - Entrepreneurship KW - Ambidexterity Y1 - 2024 UR - https://opus4.kobv.de/opus4-UBICO/frontdoor/index/index/docId/33044 UR - https://www.researchgate.net/publication/379155820 UR - https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf ER -