The success trap refers to business organizations that focus on the exploitation of their (historically successful) current business activities and as such neglect the need to explore new territory and enhance their long-term viability. == Overview == The success trap arises when a firm overemphasizes exploitation investments, even if explorative investments are required for successful adaptation.
The success trap refers to business organizations that focus on the exploitation of their (historically successful) current business activities and as such neglect the need to explore new territory and enhance their long-term viability. == Overview == The success trap arises when a firm overemphasizes exploitation investments, even if explorative investments are required for successful adaptation.
Source: Wikipedia "Success trap" · CC BY-SA 4.0
Share this article: X · Bluesky