Please answer each point in separate paragraphs so I can understand what each point is. Using the video in the link provided.

https://www.ted.com/talks/knut_haanaes_two_reasons_companies_fail_and_how_to_avoid_them

• Describe the two reasons companies fail.
• Compare and contrast the concepts of exploration and exploitation.
• Detail the lessons the speaker provides. Do you agree or disagree? Explain.
• Explain the two reasons why balancing is difficult. Considering your own employer or academic life, explain what you could do to balance effectively.