Innovating resilience: How avoiding reducing innovation through cost-cutting can boost performance in a crisis

Abstract

Purpose:

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design:

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings:

Organizational areas which deal with innovation are often the first to see costs cut when an economic crisis emerges. Yet this can actually have a dramatic negative effect on recovery after a crisis, compared to cutting costs elsewhere.

Originality:

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

Robertson, J.A. (2021), "Innovating resilience: How avoiding reducing innovation through cost-cutting can boost performance in a crisis", Strategic Direction, Vol. 37 No. 11, pp. 31-32. https://doi.org/10.1108/SD-10-2021-0109