Knut Haanaes: Two reasons companies fail -- and how to avoid them
Knut Haanaes believes that the secret to creating lasting, impactful companies is to find a balance between doing what you're good at and looking for new challenges to take on. Full bio
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solution to quality growth
between two activities:
mechanical calculators in the world.
the electronic calculator came along?
của máy tính điện tử?
from maximum revenue ...
electronic calculators in Japan
rẻ tiền của Nhật
their calculators.
a European biotech company.
công nghệ sinh học của Châu Âu.
to diagnose, even cure,
thậm chí là điều trị
creating something new.
"When we only get it right,"
and exploitation about 15 years ago,
scholar at Stanford University.
is its practicality.
coming up with what's new.
who have done exploration:
and they deserve to be.
the knowledge we have
our trains run on time.
faster and cheaper.
of the famous pop groups
again and again,
or even pathetic.
perspective, we explore.
perspective, we exploit.
more knowledge to exploit on.
by nature, less innovative
a big worry to CEOs.
phrased in different ways.
and reinvent my company?"
before we become obsolete
are able to effectively explore
and the benefits are huge.
because there are so many traps
but there are many.
the perpetual search trap.
or the persistence
we create something new.
but being frustrated.
of effective reform of education,
the future in their hands,
at making what they loved doing,
it's difficult to change.
we cannot fail."
and I think they apply to us.
get ahead of the crisis.
an insurance in the future.
have been content
they will always --
whatever it takes."
of the company,
for only about 30 percent.
on the same company --
to renew account for 70 percent.
and lead the long term.
and exploitation by ourselves.
is being open to be challenged,
is to constructively challenge.
good parenting is about.
at the old triumph marches in Rome,
whispering in their ear,
and we need to be conscious.
that I think are useful.
looking at your own company:
that the company is at the risk
what you already know,
is in the balance.
ABOUT THE SPEAKER
Knut Haanaes - StrategistKnut Haanaes believes that the secret to creating lasting, impactful companies is to find a balance between doing what you're good at and looking for new challenges to take on.
Why you should listen
What strategy traps repeatedly entice well-meaning companies? Sweet words that lure with a sense of promise and growth, but ultimately fail to deliver again and again? How do we balance exploration and exploitation without falling fully into either ditch?
Knut Haanaes is Dean of the Global Leadership Institute at the World Economic Forum and professor of strategy and international management at IMD, formerly senior partner and global leader of BCG's strategy practice. Through his work with clients, Haanaes has accumulated extensive experience in a number of industries on issues of strategy. He holds a Master's Degree in Economics from the Norwegian School of Economics, a PhD in Strategy from the Copenhagen Business School and has been a visiting scholar at Scancor, Stanford University.
In 2015, together with Martin Reeves and Janmejaya Sinha from BCG, Haanaes published the book Your Strategy Needs a Strategy. The book has been translated into a number of languages.
Knut Haanaes | Speaker | TED.com