Self-Motivation
David Goggins
Former Navy Seal
Career Development
Bryan Cranston
Actor
Critical Thinking
Liv Boeree
International Poker Champion
Emotional Intelligence
Amaryllis Fox
Former CIA Clandestine Operative
Management
Chris Hadfield
Retired Canadian Astronaut & Author
Learn
from the world's big
thinkers
Start Learning

Where Opportunity is Now in Business

Question: What opportunities does the economic downturn present businesses?

 

Dwayne Spradlin: Companies this time around I think have been much more resistant to just fundamentally cutting their innovations spent. I think it’s a lot more mature way of looking at the world because what it’s saying is we can’t control necessarily demand for our products during the downturn, but we want to be ready and willing and able, with all the right products when the economy comes back, to capture the full opportunity. So we’re gong to be there to take advantage of this crisis if you will.

That’s important because organizations then that substantially cut head count, that substantially change their business models, that made other kind of changes in their business, they very well be the disadvantage so in a crisis like this, the reality is you may not have the money in a way the way you did. So, you’ve got to look at how do I do both? How do I continue to be innovative? How do I continue to get my products out to market, but I may not have quite the same in the way of resources to put towards innovation as I did before.

That’s where something like open innovation comes to bear because these companies know they need to continue to innovate. They simply can’t turn it off because they’ll pay for that for years, but they got to do more with the same or less than they ever have before.

The smart CEOs right now are using this crisis as a vehicle not only for looking to capture more market share when the economy returns, but is a fundamental pivot point in which to change the way their businesses operate, to make them more competitive in the future.

 

Recorded on: June 3, 2009

Dwayne Spradlin, CEO of InnoCentive, insists companies use this recession to fundamentally rethink their business.

The “new normal” paradox: What COVID-19 has revealed about higher education

Higher education faces challenges that are unlike any other industry. What path will ASU, and universities like ASU, take in a post-COVID world?

Photo: Luis Robayo/AFP via Getty Images
Sponsored by Charles Koch Foundation
  • Everywhere you turn, the idea that coronavirus has brought on a "new normal" is present and true. But for higher education, COVID-19 exposes a long list of pernicious old problems more than it presents new problems.
  • It was widely known, yet ignored, that digital instruction must be embraced. When combined with traditional, in-person teaching, it can enhance student learning outcomes at scale.
  • COVID-19 has forced institutions to understand that far too many higher education outcomes are determined by a student's family income, and in the context of COVID-19 this means that lower-income students, first-generation students and students of color will be disproportionately afflicted.
Keep reading Show less

R.P. Eddy wrote about a coming pandemic in 2017. Why didn't we listen?

In his book with Richard Clarke, "Warnings," Eddy made clear this was inevitable.

Photo by Buda Mendes/Getty Images
Coronavirus
  • In their 2017 book, "Warnings," R.P. Eddy and Richard Clarke warned about a coming pandemic.
  • "You never get credit for correctly predicting an outbreak," says science journalist Laurie Garrett in the book.
  • In this interview with Big Think, R.P. Eddy explains why people don't listen to warnings—and how to try to get them to listen.
Keep reading Show less

Creativity: The science behind the madness

Human brains evolved for creativity. We just have to learn how to access it.

Videos
  • An all-star cast of Big Thinkers—actors Rainn Wilson and Ethan Hawke; composer Anthony Brandt; neuroscientists David Eagleman, Wendy Suzuki, and Beau Lotto; and psychologist Scott Barry Kaufman—share how they define creativity and explain how our brains uniquely evolved for the phenomenon.
  • According to Eagleman, during evolution there was an increase in space between our brain's input and output that allows information more time to percolate. We also grew a larger prefrontal cortex which "allows us to simulate what ifs, to separate ourselves from our location in space and time and think about possibilities."
  • Scott Barry Kaufman details 3 brain networks involved in creative thinking, and Wendy Suzuki busts the famous left-brain, right-brain myth.

What if Middle-earth was in Pakistan?

Iranian Tolkien scholar finds intriguing parallels between subcontinental geography and famous map of Middle-earth.

Image: Mohammad Reza Kamali, reproduced with kind permission
Strange Maps
  • J.R.R. Tolkien hinted that his stories are set in a really ancient version of Europe.
  • But a fantasy realm can be inspired by a variety of places; and perhaps so is Tolkien's world.
  • These intriguing similarities with Asian topography show that it may be time to 'decolonise' Middle-earth.
Keep reading Show less

New study explores how to navigate 'desire discrepancies' in long term relationships

With the most common form of female sexual dysfunction impacting 1 in 10 women, this important study dives into how to keep a relationship going despite having different needs and wants in the bedroom.

NDAB Creativity / Shutterstock
Sex & Relationships
  • A new study highlights the difficulties faced by women who struggle with decreased sexual desire, and explains how to navigate desire discrepancies in long-term relationships.
  • Hypoactive sexual desire disorder is one of the most common forms of female sexual dysfunction, impacting an estimated 1 in 10 women.
  • Finding other ways to promote intimacy in your relationship is one of the keys to ensuring happiness on both sides.

Keep reading Show less
Quantcast