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Eight Companies that Switched What They Did

Destination Innovation

Here are examples of eight successful companies which switched from one activity to another in order to meet a customer need. Berkshire Hathaway was originally a textile manufacturing company established by Oliver Chace in 1839 in Rhode Island. He used it as a vehicle to buy stakes in insurance companies and other businesses.

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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

Overview: Companies that fail to innovate can go out of business, yet there are even worse fates that can await them. These seven companies lost out on entering major new markets, got acquired by competitors, or accumulated billions on bad bets, all by failing to innovate or grasp the value of their innovations. The Concorde.

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What you can learn from history about innovating during a crisis

Board of Innovation

The companies that grew the most during the 2008 financial crisis were those that invested in innovation. Here are some of our suggestions for your strategy based on information from previous crises. The post What you can learn from history about innovating during a crisis appeared first on Board of Innovation.

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Recession, Survival and Innovation

Destination Innovation

So it is natural that companies hunker down, cut costs and focus on getting through the recession with the business still intact. During the recession that started in the Finance sector in 2008, Salesforce.com boomed by using a new business model, software as a service. He was inspired by the diet there to set up his own company.

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Startup Entrepreneurs and COVID-19: a Real Challenge

InnovationManagement

The coronavirus pandemic is turning out to be an international economic crisis, with ramifications for all industries and markets, similar to the crisis of 2008. A cross-border economic crisis affects companies large and small, trying an organization's management and its employees.

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8 Tips for Startup Entrepreneurs During COVID-19 Crisis

InnovationManagement

The coronavirus pandemic is turning out to be an international economic crisis, with ramifications for all industries and markets, similar to the crisis of 2008. A cross-border economic crisis affects companies large and small, challenging an organization's management and its employees.

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Are you Ready to use this Economic Downturn to Become Recession Proof?

Daniel Burrus

A brief example of an organization that capitalized on the 2008 recession in remarkable ways is Lego. As economic uncertainty looms ahead, companies of all sizes have begun their transition to a strictly lean, agile operation, often choosing to wait out the stormy waters of the next year and keep the status quo.

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