The yin and yang of business

Most companies struggle to expand the frontiers of their business while maintaining focus on their current venture. Trying to discover new innovative ways to grow while doing everything to leverage the current opportunities isn’t easy. Only a few entrepreneurial firms are actually able to successfully pull off both — and that too, only in short bursts and seldom over long periods in their history.

Let’s be clear: Companies need to balance operations and innovation. They need exploration and exploitation. And stoke curiosity and maintain focus. Both states are necessary for success. Unless you can win the short-term battles, it is unlikely