In this episode, Krsto Pandza and Tony Morgan discuss the strategic challenges of balancing innovation in core business whilst also developing new opportunities for the future. Professor Krsto Pandza’s research partnership with Ericsson was supported by the project COINS (Complex Open Innovation for Network Society). COINS received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 675866. This podcast episode was recorded remotely in July 2020. If you would like to get in touch regarding this podcast, please contact research.lubs@leeds.ac.uk. A transcript of this episode is available at:  https://business.leeds.ac.uk/downloads/download/194/podcast_episode_11_-_transcript About the speakers: Krsto Pandza is Professor of Strategy and Innovation at Leeds University Business School and Director of the Centre for Technology, Innovation and Engagement. His research interests lie at the intersection of strategy, technology innovation and organizational theory. Tony Morgan is Associate Professor in Innovation Management Practice. He previously worked at IBM for 20 years, where his roles included Global Technology Services Chief Innovation Officer for the UK & Ireland, Value Creation Centre Innovation Leader and Client Chief Architect.