Lessons from crisis management: rapid innovation

Anette Mikes and Marc Ventresca share lessons from their research into risk and innovation for leaders in the current crisis, drawing on evidence from the Kursk submarine disaster in 2000 and the Chilean mining rescue in 2010. 

How do leaders deal effectively with an emergency situation for which there’s no blueprint? How do they invent in real-time under conditions of extreme duress? Get it right, and it’s possible to achieve more than you ever imagined. Get it wrong, and lives may be at stake.

Anette Mikes is Associate Professor of Accounting, Saïd Business School and Fellow at Hertford College.

Marc Ventresca is Associate Professor of Strategic Management at Saïd Business School and a Governing Body Fellow of Wolfson College.