Though paradoxes constitute a basic ontological condition of organizational processes, the modernist approach has always been to find ways to resolve them. In this chapter, an alternative approach called hermeneutic appreciation is proposed. By accepting and affirming paradoxes through the process of hermeneutic appreciation, the generative potential inherent in them can be recognized and unfolded. This chapter presents a case study of an organization that demonstrated such a sophisticated understanding of hermeneutic appreciation. By not dismissing the paradoxes but by affirming and reframing them, members of this organization were able to reverse a visible organizational decline and instead infuse it with new energy and vitality leading to an eventual organizational renewal. Lessons learned from this appreciative inquiry project suggest that a hermeneutic appreciation of paradoxes may act as a change intervention and is likely to enable innovation and organizational transformation.

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