Knut Haanaes: Two reasons companies fail -- and how to avoid them
קנוט האאנאס: שתי סיבות לכך שחברות נכשלות - וכיצד להימנע מהן
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
Double-click the English transcript below to play the video.
solution to quality growth
between two activities:
mechanical calculators in the world.
ביותר בעולם.
the electronic calculator came along?
האלקטרוני הופיע?
from maximum revenue ...
electronic calculators in Japan
their calculators.
ולבדוק את המחשבונים שלהם.
a European biotech company.
חברת ביוטכנולוגיה אירופאית.
to diagnose, even cure,
לאבחן, אפילו לרפא,
creating something new.
"When we only get it right,"
עושים את זה נכון,"
and exploitation about 15 years ago,
וניצול לפני כ -15 שנים,
scholar at Stanford University.
is its practicality.
coming up with what's new.
who have done exploration:
and they deserve to be.
והם ראויים להיות כאלה.
הולכים למצוא אותן,
the knowledge we have
את מה שידוע לנו
our trains run on time.
faster and cheaper.
מהירים וזולים יותר.
of the famous pop groups
מלהקות פופ מפורסמות
again and again,
or even pathetic.
perspective, we explore.
לזמן ארוך, אנו חוקרים.
perspective, we exploit.
לזמן קצר, אנו מנצלים.
more knowledge to exploit on.
יותר ידע לנצל אותו.
by nature, less innovative
a big worry to CEOs.
phrased in different ways.
שמנוסחות בדרכים שונות.
and reinvent my company?"
החברה שלי וגם להמציא אותה מחדש?"
before we become obsolete
גם יחד, זו אמנות --
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.
אנחנו יוצרים משהו חדש.
but being frustrated.
אבל להיות מתוסכלים.
of effective reform of education,
רפורמה יעילה בחינוך,
לעתים הרבה יותר קרובות.
the future in their hands,
at making what they loved doing,
בלעשות את מה שהם אהבו לעשות,
it's difficult to change.
we cannot fail."
שאנחנו לא יכולים להיכשל."
and I think they apply to us.
ושהם חלים עלינו.
get ahead of the crisis.
an insurance in the future.
have been content
להיות מרוצים
they will always --
whatever it takes."
חידושים, ולא משנה מה שיידרש."
of the company,
for only about 30 percent.
on the same company --
10 שנים על אותה חברה --
to renew account for 70 percent.
מוערכות בכ-70 אחוזים.
and lead the long term.
ולהוביל בטווח הארוך.
and exploitation by ourselves.
is being open to be challenged,
גדולה הוא להיות פתוחה לאתגור,
is to constructively challenge.
good parenting is about.
at the old triumph marches in Rome,
על צעדות הניצחון ברומא,
whispering in their ear,
and we need to be conscious.
that I think are useful.
שלדעתי הן שימושיות.
looking at your own company:
that the company is at the risk
what you already know,
את מה שאתם כבר יודעים.
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