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Japan's stock market today is at an
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all-time high after about 30 years of
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decline. The question is why? After
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struggling with many questions of
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building new businesses, some
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corporations identified a way to balance
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exploration and exploitation where in
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exploration being able to tolerate
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failure and being able to have enough
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new ventures in different areas from
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which you select and scale the ones that
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succeed. The second important element
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was strategy coming from the outside in
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because typically there's to strategize
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from the inside out. What are we doing
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today and what will we do tomorrow? So
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taking the market first and looking in.
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And the third element was actually
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redeploying talent, not necessarily just
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dropping talent and hiring new talent.
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They developed their own model of
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redeploying talent into new businesses.
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[Music]
