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.
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[@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.

[@mba2ceo]

Success is easy ... all U need to do is. 1. Predict the future 2. Design & Implement that prediction 3. Improve & Adapt to the market 4. Rinse & Repeat !!!

[@ruthless-sonu5887]

Hi, it’s been 2 years how you doin? Genuinely curious! 🌱

[@mba2ceo]

@@ruthless-sonu5887 3x my wealth since march look at my ch

[@icemanfreezezing]

Hi it’s been 3 years again and I’m curious how you are doing?

[@alonsohernandez5277]

purown

[@MrAykut23]

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

[@nitsujanimations7212]

in other words, always be humble and never stop learning

[@margaretachie-narcdiary7954]

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.

[@Lostpanda123]

Nor did Kodak...

[@edgarnavarro7396]

AOL too, right?

[@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.

[@gigisimbajon4625]

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

[@StoCoBoLoMC]

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

[@unlimitedprogress3882]

TED Talks: you watch successful people tell you stuff that doesn't really help you get successful but makes you think for a few minutes before forgetting everything they said minutes later as you engulf a pizza and watch The Walking Dead while you're snapchatting your friend about getting drunk

[@greob]

This is a good talk, spot-on all the way.

[@JMWRainwater]

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

[@n.crossman9858]

he bought that clothes line from the homeless

[@bigpotpoker1]

+Joshua Rainwater he wanted 50 million.

[@Lets_talk_about_that]

+Joshua Rainwater Perfect, lol.

[@-yttrium-1187]

Indeed, kanye is way too innovative ;)

[@PazLeBon]

+-Yttrium- no, he's far too deluded

[@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

[@winoneliang9270]

Another great perspective of management and innovation

[@billybobinthehouse12]

Basically a different angle of wording the product life cycle

[@editorjohn8803]

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

[@jones02ghosting]

What is he referring to when he talks about innovation as only 30% percent of a company? 30% of money spent/invested? what does he mean when he says valuation of the company?

[@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,

[@endrankluvsda4loko172]

Very profound.

[@Kongolox]

set speed to 1.25 yw

[@NaNslx]

+Kongolox This makes a big difference in this video.

[@hydromyke]

+Kongolox thank you

[@AmrouBouaziz]

THANK YOU !!

[@VonGrav]

As an norwegian, the accent embarresses me xD

[@MrC0MPUT3R]

Uooge

[@Maxxxxi86]

Mha not really a problem I think

[@ernestas10]

+VonGrav I think it's because it is your accent. I'm from eastern europe, and I absolutely hate our accent, but all other accents are fine.

[@ilkhgs]

+VonGrav Sorry it should be, as a Norwegian, en bror.

[@Lets_talk_about_that]

+VonGrav I like it.

[@whatismynamemen]

a great video

[@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

[@Ullenes12]

Awesome talk

[@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.

[@marketingiti1498]

JUST WONDERING WHAT ARE THE RESOURCES HE USED TO GET ALL THOSE DETAILS ABOUT COMPANIES?

[@PotentLife]

that spray tan though..

[@coprophob907]

+Potent Life Just needs some frosted tips and a puka shell necklace.

[@ZengloCarlos]

only 2% of firms can balance this paradox. how to be a member of that 2%? each firm has approx. 10% of its members with leadership responsibility, perhaps to focus on hiring and developing 20% (or even fewer) of those 10% to leaders to become a balanced leader on this two opposing requirements?

[@MarylnBowan-vg7te]

(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 to do tha these emotional conditions that r causing ppl to put the brakes on have to be resolved first

[@mbk928]

super nice lecture

[@HamHamDude]

someone send this to Hollywood

[@TimJSwan]

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

[@ТолганайБазаргалиева]

What makes both exploitation and exploration risky?

[@robburgoon2388]

I thought this talk was simplistic and lacked content. For most businesses, managing the trade-off with innovation is not nearly as simple as presented. Did he say he was an academic??

[@ing3888]

Thank god for the youtube playback speed feature. This guy actually sounds normal at 2x speed.

[@cg4unet]

great

[@ProGangstaShit]

From his first world i heard he came from Norway

[@paradox_1729]

Blackberry too. Complacency.

[@marianasimi5103]

you guys now that I'm a youtuber tha

[@user-fs5fc1vv7y]

What do you want, low risk or high reward?

[@tuanotooffical2722]

phubinh district! i can do it... let's go

[@AyyyyyyyG]

Because they don't get a small loan of a million dollars

[@BruceBlitzHasTits]

solid

[@shengnanliu7283]

Don't play at 1.5X speed when you are having coffee in your mouth....

[@hossamabdelnasser79]

بص بصةة على المصاادر ... 😂😂

[@appleslover]

الدحيح

[@mhmodsaid1022]

هي كانت حلقة ايه؟؟انا بدور عليها بقالي كتير

[@حيدرحسن-و4ش]

الدحيح. الحلقة كانت عن التوازن بين الاستثمار و الاستكشاف

[@Avitaals]

Good talk. had valuable information, however he isn't that well organized.

[@valtozer6273]

only need on GREED.

[@elaximo9921]

Is he Norwegian?

[@DahBjorn]

+Erik A Falch He sure is. If his accent wasn't a dead giveaway, another hint can be found in the video from 3:00 to about 3:03.

[@elaximo9921]

+DahBjorn Tanks for not answering like a doucebag :D

[@DahBjorn]

Well, I did answer a bit like a douchebag, so I'm guessing that's sarcasm right there. I'll fix it: Imagine a ";)" at the end of my last comment ;).

[@elaximo9921]

+DahBjorn No i just deleted other comments witch said that i was a fucking idiot and i should kill myself :D

[@JhaveriAakash]

I fell asleep watching this

[@JhaveriAakash]

Turtle yeti thought might be useful some day

[@HoodMelodyFilms]

his delivery 😴Zzzzzzzz

[@Fusselwurmify]

optimization vs innovation . move along, nothing to see here.

[@zZeVsZz]

переведите на Русский )

[@Capiroto57]

Very interesting but this guy is really boring, he talks really slowly, he needs more entusiasm

[@JD2jr.]

+Abdul Rahman Yasin settings>speed>2x double your productivity while procrastinating with TED talks!

[@dattebenforcer]

Because they hire women?

[@MONOPOSTOtm]

inb4 shitstorm.

[@samuelspencer5047]

I am a 20 year old male and I say that there many women out there that are equally liable for the success of multiple companies. Discrimination will not be tolerated against Women or Males, therefore please stop discriminating. The perspective of females is as equally vital as the perspective of males, no man or woman is above each other, is that understood?

[@samuelspencer5047]

***** I would appreciate it that you stop with the name calling please, that is how conflicts and disputes develop; you sound like a well opinionated and reasonable individual and I would like that we keep our counter arguments offensive free In regards to "production experiencing a decline", I have not seen any evidence that demonstrates this that does not mean that your idea is untrue. In relation to toxicity, drama, and backstabbing I have witnessed it being exerted by females in the institution that I have been present in, though some men exerted this because they literally were implicated by the females. You are entitled to verbally and non-offensively express your views at any time, however when your doing so try not sound prejudiced/discriminating.

[@alberto148]

+Chijioke Godswill Okoro i find your comments and political correctness offensive. . there, now since your comments violate your own "entitlements", i guess you'll be obligated policing your own comments from here onwards right?... right? . i guess its great that offense is so subjective, offence is taken - not given, you'd have a much easier time in life remembering that.

[@MONOPOSTOtm]

***** 100% Single confirmed

[@thelifeofzoe9201]

I can explain it in one word: capitalism

[@xxXDarkKillerXxx1]

loooooool

[@tirthpatel1562]

Tell Kanye to watch this

[@SexualPotatoes]

He must not know Elon Musk

[@VandroiyIII]

+Sexual Potatoes Why? It looks to me as if the Musk companies are great examples of this compromise. A bank, but faster. A car, but with an electrical engine. A rocket, but private-built and maybe one day reusable. A solar panel distributor, with optimizations. A low-pressure tunnel train, conceived in an open process with many of the world's engineers. Those aren't heavy exploration like the first iPhone, or the Occulus Rift. Nor is it plain exploitation, like typical car manufacturers or all those Hollywood super hero movie remixes. Those are prime examples of using old techniques, spiced with a few conscious adjustments. If anything, they are spot-on examples for this talk.

[@What_was_wrong_w_jst_our_names]

Wow TED. Uploading this capitalistic propaganda.

[@mba2ceo]

More stupid hand waving. My opinion.

[@fobusas]

Waste of time.

[@thegreattyler7878]

Bro is so dulllll wtf....

[@EmilKlingberg]

Horrible accent