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One of reasons is the Exploration. Exploration is about coming up with what's new. It's about search, it's about discovery, it's about new products, it's about new innovations. It's about changing our frontiers.Exploitation is the opposite. The second one is exploitation, which is taking the knowledge we have and making good, better.
Exploitation is about making our trains run on time. It's about making good products faster and cheaper. Exploitation is not risky -- in the short term.
One of ways to avoid is getting ahead of the crisis.
Second one: think in multiple time scales.
Third: invite talent. It isnot possible for any of us to be able to balance exploration and exploitation by ourselves. It's a team sport. I think we need to allow challenging. The mark of a great company is being open to be challenged, and the mark of a good corporate board is to constructively challenge.
Last one: be skeptical of success. Maybe it's useful to think back at the old triumph marches in Rome, when the generals, after a big victory, were given their celebration./조지정 미디어아카데미 명예기자
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