Two reasons companies fail -- and how to avoid them | Knut Haanaes

Is it possible to run a company and reinvent it at the same time? For business strategist Knut Haanaes, the ability to innovate after becoming successful is the mark of a great organization. He shares insights on how to strike a balance between perfecting what we already know and exploring totally new ideas — and lays out how to avoid two major strategy traps.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.

[srimansrini]

The business strategist Knut Haanaes of Norway highlights the importance of having a balanced approach in business based on what we already know and exploring totally new ideas. Good one.

[nitsujanimations]

in other words, always be humble and never stop learning

[MrAykut]

This talk is one of the big meanings of life & so i think it is largely underrated

[intelligencerules]

This was a phenomenal TedTalk session. Thanks so much!!!!

[margaretachie-narcdiary]

I was keen listening and the truth of the matter is not about the accent or organization but the usefulness of the content which in short says that you can't do the same things and expect the same results explore and exploit is the key and I would like to listen to more of your videos I want to understand why many businesses fail and what can be done to turn that around. Thank you.

[photodube]

Blockbuster did not learn the lesson of Facit.

[StoCoBoLoMC]

thank god he got to the point in the first 4s

[JMWRainwater]

Another reason is that they don't invest one million into Kanye West ideas.

[PazLeBon]

We should start having a maximum size on these big companies or something as the bigger they get the worse off the public gets as the percentages of profits are continually cheated out of the system, either with lower wages or tax evasion or buying out other growing businesses. A step to a non profit future has to be a good thing

[mohitvargia]

Loved the explanation of exploration and exploitation. I think it applies to human nature also, for success one must have balance between exploration and exploitation in their life.

[GoddestPitcher]

(FACTS OVA FEELINGS). The Major Reason Y Companies Do A Bad Job On Moving Forward is because the Group is Not Moving Forward az a Team in Order in Order to do that These Emotional Conditions that r Causing Peephole to Put the Brakes on have to bee Resolved First

[gigisimbajon]

Very enriching and factual.. He is a genius of theoretical and applied science for business strategies. Really productive and practical analysis.

[winoneliang]

Another great perspective of management and innovation

[editorjohn]

What's up with the ad link at the top right? Can't even click on the X to make it gone!

[billybobinthehouse]

Basically a different angle of wording the product life cycle

[jatrox]

God help us from business strategists. They are just like gamblers, when they win everyone thinks they have a system. In cosmology its called the Weak Anthropic Principle . Why are we here? Because if it had been any other way, we wouldn't be asking the question,

[DahBjorn]

My very first reacton when the video started was "his english is bad". That isn't true of course; it's actually very good, from vocabulary to pronounciation. But then, because he fails to even attempt english intonation (which arguably is the quickest part to learn) it just sounds way worse than it actually is.
For native english speakers, imagine sitting in a classroom where everyone is learning spanish; and I mean everyone, not just those who decided they wanted to learn a foreign language. The teacher points to you to read aloud the next section in the textbook, and you're left with two alternatives: 1) try your very best to sound like a crappy version of Antonio Banderas, or 2) just try to stay cool, and read it with your normal tone of voice, and hope to score some underachiever-points. As surprising as it may seem, in my experience 3/4 will go with alternative 2, making it even more awkward for any aspiring Banderas impersonators to practice proper intonation.

I'll take it this guy chose alternative 2 a few too many times, and now sort of wishes he'd taken the time to sound a bit more goofy back at school.

[TimJSwan]

I guess business is not for me, then, because I'm always thinking in terms of a much, much larger future scale.

[VonGrav]

As an norwegian, the accent embarresses me xD

[caroncolcord]

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