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The key to success is to balance exploration and exploitation.
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Great innovators are known for risk-taking and experimentation. But optimising needs a different skill-set that relies on refinement and efficiency. It is then rare to find people that can innovate and optimise.
A typical story is that a founder launches a startup, succes...
Many organisations focus on the exploitation of their historically successful business activities while failing to explore new territory to improve their long-term success.
Interested in leadership and management. Avid reader.
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There are seven different types of how to locate an innovation group within the company.
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