full transcript

From the Ted Talk by Knut Haanaes: Two reasons companies fail -- and how to avoid them

Unscramble the Blue Letters


I first heard about exploration and exploitation about 15 years ago, when I worked as a visiting scholar at Stanford University. The founder of the idea is Jim March. And to me the power of the idea is its pciiclaatrty.

Exploration. Exploration is about coming up with what's new. It's about sacerh, it's about discovery, it's about new products, it's about new innovations. It's about cnaighng our ftionerrs. Our heroes are people who have done exploration: mdmaae Curie, Picasso, Neil Armstrong, Sir Edmund hralliy, etc. I come from Norway; all our heroes are explorers, and they deserve to be. We all know that eoailproxtn is risky. We don't know the answers, we don't know if we're going to find them, and we know that the risks are high.

Open Cloze


I first heard about exploration and exploitation about 15 years ago, when I worked as a visiting scholar at Stanford University. The founder of the idea is Jim March. And to me the power of the idea is its ____________.

Exploration. Exploration is about coming up with what's new. It's about ______, it's about discovery, it's about new products, it's about new innovations. It's about ________ our _________. Our heroes are people who have done exploration: ______ Curie, Picasso, Neil Armstrong, Sir Edmund _______, etc. I come from Norway; all our heroes are explorers, and they deserve to be. We all know that ___________ is risky. We don't know the answers, we don't know if we're going to find them, and we know that the risks are high.

Solution


  1. frontiers
  2. search
  3. practicality
  4. madame
  5. exploration
  6. changing
  7. hillary

Original Text


I first heard about exploration and exploitation about 15 years ago, when I worked as a visiting scholar at Stanford University. The founder of the idea is Jim March. And to me the power of the idea is its practicality.

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. Our heroes are people who have done exploration: Madame Curie, Picasso, Neil Armstrong, Sir Edmund Hillary, etc. I come from Norway; all our heroes are explorers, and they deserve to be. We all know that exploration is risky. We don't know the answers, we don't know if we're going to find them, and we know that the risks are high.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
long term 2
success trap 2


Important Words


  1. answers
  2. armstrong
  3. changing
  4. coming
  5. curie
  6. deserve
  7. discovery
  8. edmund
  9. exploitation
  10. exploration
  11. explorers
  12. find
  13. founder
  14. frontiers
  15. heard
  16. heroes
  17. high
  18. hillary
  19. idea
  20. innovations
  21. jim
  22. madame
  23. march
  24. neil
  25. people
  26. picasso
  27. power
  28. practicality
  29. products
  30. risks
  31. risky
  32. scholar
  33. search
  34. sir
  35. stanford
  36. university
  37. visiting
  38. worked
  39. years