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

Here are two reasons companies fail:

they only do more of the same,

or they only do what's new.

To me the real, real solution to quality growth

is figuring out the balance between two activities:

exploration and exploitation.

Both are necessary,

but it can be too much of a good thing.

Consider Facit.

I'm actually old enough to remember them.