Paradox Management: Definition & Example


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question 1 of 3

Which statement about a paradox in business management is FALSE?

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1. Faced with an unexpected drop in sales, the ABC auto body repair leadership team has decided to revise their per-hour pricing structure and replace it with a case-by-case estimate system. This is an example of:

2. If a business management paradox can be _____, it can often be helpful to leaders faced with important decisions.

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About This Quiz & Worksheet

Paradox management is an important aspect of being a successful leader in an organization. See what you know about this subject by answering questions on topics like the characteristics of a paradox in business management, and a business making a revision to their pricing structure.

Quiz & Worksheet Goals

The quiz will address the following areas:

  • The way a business management paradox can help leaders who are faced with making important decisions
  • Impact of modifying a process through a transformational paradox
  • Reason the mindset of competition and collaboration is a business management paradox

Skills Practiced

  • Reading comprehension - make sure you know the most important information about the characteristics of a paradox in business management
  • Knowledge application - use your knowledge to answer questions about an example of a business who revises their pricing structure, and the reason a business management paradox can help a leader
  • Information recall - access the knowledge you've gained regarding an explanation associated with the mindset of competition and collaboration as a business management paradox

Additional Learning

For more on paradoxes in business, you can review the lesson titled Paradox Management: Definition & Example. The following areas will be explored:

  • Transformation of a business model
  • Examples of paradox management
  • Benefits of paradox management in an organization