Exploring and Exploiting for Innovation (Part 2)

The history of explore and exploit has evolved with increased exploration, more intense competition, and the shift of exploitation from government to businesses. Since the advent of the Internet, exploration has become simpler and businesses can create new business models more quickly. However, most corporations still cling to the past understanding of explore and exploit. Businesses must invest more time and focus on exploration, in many fields and opportunities simultaneously, and accelerate their product or service time to value.