In his talk about business strategy, Knut Haanaes discusses the question of whether it is possible to run a company successfully while also reinventing it. The business strategist shares two reasons why he believes companies fail. The first reason is they only do more of the same. The second reason is they only do what is new. The speaker states the real solution to quality growth is finding the balance between expiration and exploration.
The talk about business strategy explains why the ability to innovate after achieving success is the defining characteristic of great organizations. The speech describes how to strike a path between doing what you already know and exploring new ideas. Haanaes uses Facit calculators as an example of an organization that failed to pivot and explore new opportunities.