#223 Exploitation vs Exploration

I've been diving into some inspiring TED talks, and I stumbled
upon one discussing the two reasons why companies fail and how to
avoid them. The theory is intriguing: companies can either be in
exploitation mode, focused on monetizing what they have, or in
exploration mode, constantly chasing the next big thing. But
here's the catch – both extremes are risky. Only 2% of companies
strike the right balance. I believe you need two types of people
in your company: the entrepreneurial explorer and the operational
exploiter. One creates, innovates, and explores new frontiers,
while the other optimizes, streamlines, and ensures
profitability. Together, they make a winning team. So, where does
your company stand?





Can’t get enough?


Subscribe to “Sweet Buzz - Scaling a Digital B2B
Business” to get a notification as I publish new
episodes: https://podcast.bizzbeesolutions.com/





Do you want to get up close and personal with me?


This is the place to
be: https://danchodimkov.com/





Read all about the proven 6-step ZZ framework that will
assure you get a steady flow of qualified leads in my Amazon
best-selling book “Sweet Leads”:


https://danchodimkov.com/book/





Ready to boost your B2B growth and uncover the secrets of
effective leadership?


Buy “8 Qualities For Great Leadership – Critical Elements
For Current and Future Success”
here: ⁠https://danchodimkov.com/8-qualities-for-great-leadership/





A combination of courses, online community, and coaching
sessions, that provide you with tools, and know-how on planning,
executing, and optimizing your outreach campaigns?


Don’t overthink and click the
link: http://hive.bizzbeesolutions.com/





Discover the mouthwatering secrets of successful
prospecting & outreach on “Sweet Leads - The BizzBee Podcast”
and learn how it can work wonders for you:


https://sweetleads.bizzbeesolutions.com/





Keep up with me on:


LinkedIn: https://www.linkedin.com/in/dancodimkov/


LinkedIn
page: https://www.linkedin.com/company/danchodimkov/


Facebook: https://www.facebook.com/dancho.dimkov.98


YouTube: https://www.youtube.com/channel/UCd2RyNY3x-JagR8TOGnjbGg


Twitter: https://twitter.com/danco_mmun





Connect with BizzBee, and enjoy some sweet content:


LinkedIn: https://www.linkedin.com/company/bizzbee-solutions/mycompany/


Facebook: https://www.facebook.com/BizzBeeSolutions


Instagram: https://www.instagram.com/bizzbeesolutions


Twitter: https://twitter.com/BizzBeeSolution


YouTube: https://www.youtube.com/channel/UCeucnRYaVARP8Uw4LGiWH0Q


TikTok: https://www.tiktok.com/@bizz_bee_solutions


Website: https://www.bizzbeesolutions.com/