Firms such as 3M and HP have developed structures and cultures to achieve contextual ambidexterity in order to manage the tensions of exploration and exploitation concurrently within organizational units

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This statement is true. Firms like 3M and HP have implemented structures and cultures that allow them to balance exploration and exploitation within their organizational units. This is known as contextual ambidexterity.

Firms Such as 3M and HP Have Developed Structures and Cultures