Summary of Two Reasons Companies Fail and How to Avoid Them

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

Two Reasons Companies Fail and How to Avoid Them  summary
Start getting smarter:
or see our plans


8 Overall

9 Importance

7 Innovation

8 Style


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.



Companies collapse for one of two reasons: They either fail to innovate or only innovate. Striking a balance between “exploration” and “exploitation” is the secret to success. ...

Get the key points from this video in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Customers who read this summary also read

More by category