In the past few years, a number of well-known firms have failed; think of Blockbuster, Kodak, or RadioShack.
Innovation.
Firms must remain competitive in their core markets, while also winning in new domains.
What does it take to buck this trend? The simple answer is: ambidexterity.
When we read about their demise, it often seems inevitable--a natural part of "creative destruction." But closer examination reveals a disturbing truth: Companies large and small are shuttering more quickly than ever.
In the past few years, a number of well-known firms have failed; think of Blockbuster, Kodak, or RadioShack