Two reasons companies fail -- and how to avoid them | Knut Haanaes

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  • เผยแพร่เมื่อ 3 ต.ค. 2024
  • 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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ความคิดเห็น • 112

  • @srimansrini
    @srimansrini 8 ปีที่แล้ว +5

    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.

  • @MrAykut23
    @MrAykut23 6 ปีที่แล้ว +6

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

  • @nitsujanimations7212
    @nitsujanimations7212 2 ปีที่แล้ว +4

    in other words, always be humble and never stop learning

  • @margaretachie-narcdiary7954
    @margaretachie-narcdiary7954 5 ปีที่แล้ว

    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
    @photodube 8 ปีที่แล้ว +50

    Blockbuster did not learn the lesson of Facit.

  • @mohitvargia
    @mohitvargia 8 ปีที่แล้ว +3

    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
    @gigisimbajon4625 8 ปีที่แล้ว +1

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

  • @StoCoBoLoMC
    @StoCoBoLoMC 8 ปีที่แล้ว +40

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

    • @unlimitedprogress3882
      @unlimitedprogress3882 8 ปีที่แล้ว +10

      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

  • @JMWRainwater
    @JMWRainwater 8 ปีที่แล้ว +36

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

    • @n.crossman9858
      @n.crossman9858 8 ปีที่แล้ว +6

      he bought that clothes line from the homeless

    • @bigpotpoker1
      @bigpotpoker1 8 ปีที่แล้ว

      +Joshua Rainwater he wanted 50 million.

    • @pinkspiltmilk
      @pinkspiltmilk 8 ปีที่แล้ว

      +Joshua Rainwater Perfect, lol.

    • @-yttrium-1187
      @-yttrium-1187 8 ปีที่แล้ว +2

      Indeed, kanye is way too innovative ;)

    • @PazLeBon
      @PazLeBon 8 ปีที่แล้ว

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

  • @caroncolcord
    @caroncolcord 16 วันที่ผ่านมา

    Thanks for sharing such valuable information! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

  • @jatrox
    @jatrox 8 ปีที่แล้ว +10

    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,

  • @PazLeBon
    @PazLeBon 8 ปีที่แล้ว +1

    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
    @winoneliang9270 ปีที่แล้ว

    Another great perspective of management and innovation

  • @billybobinthehouse12
    @billybobinthehouse12 8 ปีที่แล้ว +6

    Basically a different angle of wording the product life cycle

  • @VonGrav
    @VonGrav 8 ปีที่แล้ว +43

    As an norwegian, the accent embarresses me xD

    • @MrC0MPUT3R
      @MrC0MPUT3R 8 ปีที่แล้ว +2

      Uooge

    • @Maxxxxi86
      @Maxxxxi86 8 ปีที่แล้ว +7

      Mha not really a problem I think

    • @ernestas10
      @ernestas10 8 ปีที่แล้ว +5

      +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
      @ilkhgs 8 ปีที่แล้ว +1

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

    • @pinkspiltmilk
      @pinkspiltmilk 8 ปีที่แล้ว

      +VonGrav I like it.

  • @editorjohn8803
    @editorjohn8803 6 ปีที่แล้ว

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

  • @Kongolox
    @Kongolox 8 ปีที่แล้ว +57

    set speed to 1.25
    yw

    • @NaNslx
      @NaNslx 8 ปีที่แล้ว +4

      +Kongolox This makes a big difference in this video.

    • @hydromyke
      @hydromyke 8 ปีที่แล้ว +3

      +Kongolox thank you

    • @AmrouBouaziz
      @AmrouBouaziz 8 ปีที่แล้ว +1

      THANK YOU !!

  • @jones02ghosting
    @jones02ghosting 8 ปีที่แล้ว

    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?

  • @GoddestPitcher
    @GoddestPitcher 5 หลายเดือนก่อน +1

    (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

  • @MarylnBowan-vg7te
    @MarylnBowan-vg7te ปีที่แล้ว +1

    (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

  • @whatismynamemen
    @whatismynamemen 8 ปีที่แล้ว +2

    a great video

  • @HamHamDude
    @HamHamDude 8 ปีที่แล้ว +1

    someone send this to Hollywood

  • @endrankluvsda4loko172
    @endrankluvsda4loko172 8 ปีที่แล้ว +1

    Very profound.

  • @PotentLife
    @PotentLife 8 ปีที่แล้ว +6

    that spray tan though..

    • @coprophob907
      @coprophob907 8 ปีที่แล้ว

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

  • @marketingiti1498
    @marketingiti1498 6 ปีที่แล้ว

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

  • @Ullenes12
    @Ullenes12 8 ปีที่แล้ว

    Awesome talk

  • @ТолганайБазаргалиева
    @ТолганайБазаргалиева ปีที่แล้ว

    What makes both exploitation and exploration risky?

  • @ZengloCarlos
    @ZengloCarlos 6 ปีที่แล้ว

    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?

  • @TimJSwan
    @TimJSwan 8 ปีที่แล้ว

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

  • @mbk928
    @mbk928 4 ปีที่แล้ว

    super nice lecture

  • @DahBjorn
    @DahBjorn 8 ปีที่แล้ว

    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.

  • @ing3888
    @ing3888 8 ปีที่แล้ว +1

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

  • @robburgoon2388
    @robburgoon2388 8 ปีที่แล้ว +3

    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??

  • @marianasimi5103
    @marianasimi5103 7 ปีที่แล้ว +1

    you guys now that I'm a youtuber tha

  • @user-fs5fc1vv7y
    @user-fs5fc1vv7y 7 ปีที่แล้ว

    What do you want, low risk or high reward?

  • @AyyyyyyyG
    @AyyyyyyyG 8 ปีที่แล้ว +7

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

  • @cg4unet
    @cg4unet 8 ปีที่แล้ว +1

    great

  • @shengnanliu7283
    @shengnanliu7283 8 ปีที่แล้ว

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

  • @Avitaals
    @Avitaals 8 ปีที่แล้ว

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

  • @tuanotooffical2722
    @tuanotooffical2722 8 ปีที่แล้ว

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

  • @paradox_1729
    @paradox_1729 8 ปีที่แล้ว

    Blackberry too. Complacency.

  • @hossamabdelnasser79
    @hossamabdelnasser79 5 ปีที่แล้ว +7

    بص بصةة على المصاادر ... 😂😂

    • @appleslover
      @appleslover 5 ปีที่แล้ว

      الدحيح

    • @mhmodsaid1022
      @mhmodsaid1022 5 ปีที่แล้ว

      هي كانت حلقة ايه؟؟انا بدور عليها بقالي كتير

    • @حيدرحسن-و4ش
      @حيدرحسن-و4ش 4 ปีที่แล้ว

      الدحيح. الحلقة كانت عن التوازن بين الاستثمار و الاستكشاف

  • @JhaveriAakash
    @JhaveriAakash 8 ปีที่แล้ว +2

    I fell asleep watching this

    • @JhaveriAakash
      @JhaveriAakash 8 ปีที่แล้ว

      Turtle yeti thought might be useful some day

  • @valtozer6273
    @valtozer6273 8 ปีที่แล้ว

    only need on GREED.

  • @Fusselwurmify
    @Fusselwurmify 8 ปีที่แล้ว +1

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

  • @thelifeofzoe9201
    @thelifeofzoe9201 8 ปีที่แล้ว

    I can explain it in one word: capitalism

  • @dattebenforcer
    @dattebenforcer 8 ปีที่แล้ว +7

    Because they hire women?

    • @MONOPOSTOtm
      @MONOPOSTOtm 8 ปีที่แล้ว +1

      inb4 shitstorm.

    • @samuelspencer5047
      @samuelspencer5047 8 ปีที่แล้ว +5

      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
      @samuelspencer5047 8 ปีที่แล้ว

      ***** 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
      @alberto148 8 ปีที่แล้ว

      +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
      @MONOPOSTOtm 8 ปีที่แล้ว

      ***** 100% Single confirmed

  • @Capiroto57
    @Capiroto57 8 ปีที่แล้ว +2

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

    • @JD2jr.
      @JD2jr. 8 ปีที่แล้ว +3

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

  • @greob
    @greob 8 ปีที่แล้ว +1

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

  • @HoodMelodyFilms
    @HoodMelodyFilms 8 ปีที่แล้ว

    his delivery 😴Zzzzzzzz

  • @elaximo9921
    @elaximo9921 8 ปีที่แล้ว

    Is he Norwegian?

    • @DahBjorn
      @DahBjorn 8 ปีที่แล้ว

      +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
      @elaximo9921 8 ปีที่แล้ว

      +DahBjorn Tanks for not answering like a doucebag :D

    • @DahBjorn
      @DahBjorn 8 ปีที่แล้ว

      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
      @elaximo9921 8 ปีที่แล้ว

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

  • @SexualPotatoes
    @SexualPotatoes 8 ปีที่แล้ว

    He must not know Elon Musk

    • @VandroiyIII
      @VandroiyIII 8 ปีที่แล้ว

      +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.

  • @zZeVsZz
    @zZeVsZz 8 ปีที่แล้ว

    переведите на Русский )

  • @tirthpatel1562
    @tirthpatel1562 8 ปีที่แล้ว

    Tell Kanye to watch this

  • @xxXDarkKillerXxx1
    @xxXDarkKillerXxx1 8 ปีที่แล้ว

    loooooool

  • @What_was_wrong_w_jst_our_names
    @What_was_wrong_w_jst_our_names 8 ปีที่แล้ว

    Wow TED. Uploading this capitalistic propaganda.

  • @fobusas
    @fobusas 8 ปีที่แล้ว

    Waste of time.

  • @thegreattyler7878
    @thegreattyler7878 หลายเดือนก่อน

    Bro is so dulllll wtf....

  • @EmilKlingberg
    @EmilKlingberg 8 ปีที่แล้ว

    Horrible accent

  • @ProGangstaShit
    @ProGangstaShit 8 ปีที่แล้ว +1

    From his first world i heard he came from Norway

  • @BruceBlitzHasTits
    @BruceBlitzHasTits 8 ปีที่แล้ว

    solid