Harnessing paradoxes is at the heart of achieving strategic renewal of the modern corporation. While recent research has theorized either paradoxical properties of processes or reconfiguration of capabilities in firm organization, much less is known about their interdependent relationship. This paper aims to explain this relationship. Based on a longitudinal design with three major cor-porations and a dataset of 10 068 documents including 45 interviews, the study unveils how tech-nological and enteprenurial elements mutually forms a paradoxical tension. This tension is crucial for firms to understand when altering reconfiguration of capabilities because not harnessing the paradox will impede the ability to maneuver strategic renewal.