Please listen to the following Ted Talk by Knut Haanaes:$$LinkLinks to an external site.

Pick an example of a LOCAL $($i$.$e$.,$ a small business, family business, operating only in a city or limited geographic area$)$ company of your choice and explain how this company can "exploit" and "explore" at the same time. Evaluate whether this company is doing more of "exploitation" or "exploration" in the current time.