The hallmark of great companies, according to business strategist Knut Haanaes, is finding the elusive sweet spot between “exploration” and “exploitation,” one that only 2% of firms achieve. Haanaes deftly explains the reasons so many businesses fail to locate this delicate balance and provides tips to help your firm strike a sustainable equilibrium. getAbstract recommends Haanaes’s practical, forthright advice to corporate leaders, strategists and innovators.
In this summary, you will learn
- Why companies fail,
- Why successful enterprises must find the balance between “exploration” and “exploitation,” and
- What four strategies organizations can adopt to innovate and remain successful.
About the Speaker
Business strategist Knut Haanaes is a senior partner at the Boston Consulting Group’s Geneva branch.