Two reasons companies fail — and how to avoid them
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This lesson explores why companies fail and how they can thrive by balancing strengths with innovation. It offers insights into finding the right mix between maintaining core competencies and embracing new opportunities. Key topics include:
Why companies fail
How to balance "exploration" and "exploitation" for long-term success
Strategies organizations can use to innovate and stay competitive
This lesson is based on the TED talk, "Two Reasons Companies Fail — and How to Avoid Them."
