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We Need Imagination Now More Than Ever

Illustration by Kirsten Ulve

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The idea of “crisis management” requires no explanation right now. Something unexpected and significant happens, and our first instincts are to defend against — and later to understand and manage — the disturbance to the status quo. The crisis is an unpredictable enemy to be tamed for the purpose of restoring normality.
But we may not be able to return to our familiar pre-crisis reality. Pandemics, wars, and other social crises often create new attitudes, needs, and behaviors, which need to be managed. We believe imagination — the capacity to create, evolve, and exploit mental models of things or situations that don’t yet exist — is the crucial factor in seizing and creating new opportunities, and finding new paths to growth.

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Imagination is also one of the hardest things to keep alive under pressure. Companies that are able to do so can reap significant value. In recessions and downturns, 14% of companies outperform both historically and competitively, because they invest in new growth areas. For example, Apple released its first …

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Venture Capital During a Pandemic

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Beth Ferreira, a partner at FirstMark Capital, has lived and worked through the Dotcom crash of 2000, the 9/11 terror attacks, and the financial crisis of 2008. When the survival of your company — or entire market — is in question, she says strategies change, habits fall away, and goals are reassessed.
Ferreira has worked on both the investor and enterprise side of venture capital, and she explains that brands that are adaptive and proactive during a crisis can retrench and survive — or even thrive.
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Want to explore more of the world of FOMO Sapiens? Follow Patrick McGinnis: @PatrickJMcGinns (FB), https://www.linkedin.com/in/patrick-mcginnis (LI), @patrickjmcginnis (IG), @pmcginnis (TW). Download the free FOMO Sapiens Handbook and more at www.patrickmcginnis.com.
HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.

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Geopolitics, Technology, and Risk

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Some would argue that the world is more volatile today than it was during the Cold War, and technology is catalyzing a number of fundamental changes to the world order. Geopolitical expert Ian Bremmer joins Azeem Azhar to dissect the top risks for the decade ahead.

They also discuss:

  • How technology is influencing global decoupling.
  • How the China-U.S. relationship will shape the world in the next decade.
  • How we should think about global challenges in a multipolar world.

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Further reading:

@ianbremmer
@azeem
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HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.

Source: HBR.org

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Surviving a Crisis During the Techlash

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Crisis management is not only about cleaning up after a disaster, but also about establishing a healthy company culture. Judy Smith, renowned crisis management expert, joins Azeem Azhar to explore why large tech companies seem to stumble into crises as they mature, and what every founder can do to avoid catastrophic reputation damage.

They also discuss:

  • Why corporate culture is the most important element of good reputation management.
  • How to navigate a crisis while focusing on growth.
  • How to communicate controversial issues to different stakeholders.

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Further reading:

@JudySmith_
@azeem
@exponentialview

Exponential View newsletter

HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.

Source: HBR.org

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Coronavirus, 5G, and Earnings Season

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Youngme Moon, Felix Oberholzer-Gee, and Mihir Desai discuss the impact of the coronavirus; the advertising hype surrounding the rollout of 5G; earnings reports from Tesla and the big banks; and what Google’s earnings tell us about YouTube.

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Each week, the hosts give their recommendations for reading, watching, and more. Here are This Week’s Picks:

Visit our website at HarvardAfterHours.com. Email your comments and ideas for future episodes to: harvardafterhours@gmail.com. Follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.

HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.

Source: HBR.org