Chakravorti discusses four methods that corporate innovators use to turn adverse conditions to their advantage.
November 5, 2022
Using Adverse Conditions to a Company’s Advantage
Chakravorti discusses four methods that corporate innovators use to turn adverse conditions to their advantage. These methods include: (1) Matching Unneeded Resources to Unmet Needs; (2) Rounding Up the Usual Suspects; (3) Finding Small Solutions to Big Problems; and (4) Thinking Platform, Not Just Product.
Examine an organization of your choice and briefly discuss how the organization might use one of these methods to capitalize on the opportunity found in adversity.
Assessing Risk and Reward
Locate and post a link to an article from The Wall Street Journal or other reputable source, published within the last year, about an organization whose business strategy was upended by a crisis, but was able to reinvent itself and capitalize on new opportunities in the face of adversity.
Drawing on insights presented in Chapter 5 of Sherman, explain what techniques they leveraged to find a way forward.