Innovation in Crisis
Innovation in Crisis
“Go faster than you ever thought possible. When a crisis is an organization’s top priority, it brings the best opportunity for rapid change. Be a progressive optimist.”
If you’re connected with me on LinkedIn you may have already seen this but I wanted to elaborate because I think it is so important to share. This quote is from a weekly email I receive from Bernadette Smith with the Equality Institute. She was paraphrasing from one of Frances Frei’s webinars here but it really resonated with me.
I think, if this Coronavirus Pandemic has done one thing it has really made people reflect. We reflect on how we have been using our time, on our hygiene practices, on our health, on our relationships and we reflect on our mind sets. These few sentences resonated with me because it made me take a step back and really think about my mindset, both personally and professionally.
Let’s Think Back
Flash back to early or mid-march; slowly businesses close, social distancing begins, stay at home orders are given, and the news stations are igniting panic. To me, it felt like everything was frozen. Past momentum halts, social events were cancelled, and social gatherings become a crime. So, what should I do? Should I freeze too? Isolate in my house until I go crazy? Wait for normal to return?
Those are all very real questions, but stand up and take a look at the big picture of what could be. In 2008, our U.S. economy went through a terrible recession. Out of that crisis, technology and businesses, that I have a hard time remembering a time without, were created.
- Ken Lin founded personal finance company Credit Karma in the middle of the 2008 recession.
- Jan Koum and Brian Acton created encrypted messaging app WhatsApp in 2009.
- College friends Iqram Magdon-Ismail and Andrew Kortina launched digital payment app Venmo in 2009
- Entrepreneur Andrew Mason founded Groupon in the middle of the 2008 recession.
- Businessmen Travis Kalanick and Garrett Camp founded Uber in 2009
- Photo website Flickr co-founder Stewart Butterfield created Slack, a work messaging app, in 2009.
- Twitter founder Jack Dorsey and businessman Jim McKelvey started Square, in 2009.
Now to the Present Time
So, we can choose to sit around, be miserable and wait for all this to end OR we can embrace our circumstances and make the most of it! Change happens fast in crisis because it is forced to. To have the world slow down a little bit and for all of us to be in crisis mode can be a gold mind for innovation!
For me, it is letting go of how I had planned 2020 to be and embracing what new opportunities the universe is putting in front of me. I ask myself new question now. Like, how can I serve others, how can I help other businesses succeed or how can I make things happen in different ways than ever before. I don’t have all the answers but I know I want to use this uncomfortable circumstance to grow and evolve for the better. What questions are you asking yourself, your family and/or your employees to drive progress, positive change and innovation?
I know it can be hard to get started and see past the urgency of your day to day responsibilities. The People Perspective offers Development Services that include strategic planning, organizational structure, succession planning and cultural development. If you would like to discuss how our services can help you capitalize during this time and boost your company forward at new speeds give us a call!