What are some examples of innovation during a crisis?
During crises, innovation often emerges as a response to urgent needs. For instance, during the COVID-19 pandemic, many companies pivoted to produce personal protective equipment (PPE) and ventilators.
Can you give me more specific examples?
Sure! Companies like Ford and General Motors shifted their manufacturing lines to create ventilators, while distilleries began producing hand sanitizers.
What about in other types of crises?
In natural disasters, like hurricanes, tech companies have developed apps for real-time updates and resource allocation to aid recovery efforts.
How does innovation help in crisis management?
Innovation helps by providing quick solutions to emerging problems, improving efficiency, and enabling better resource management during crises.
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