5 min read
Opinions expressed by Entrepreneur contributors are their own.
The global health crisis has caused immense disruption to the global economy, and many companies around the world have been severely affected. Even so, some businesses have shown inspiring innovation in these challenging times.
Over the past few weeks, American automaker Ford innovated and produced 2.4 million protective face shields for medical personnel, assembling the raw materials, manufacturing capabilities and people over one weekend. British tech company Dyson pivoted to create a ventilator product in 10 days, while French fashion and luxury retailer Louis Vuitton announced recently that it will convert its perfume production lines to start making hand sanitizer.
How can business owners learn from the quick thinking of these companies and emerge stronger? Here are five suggestions.
1. Talk to your customers and listen to them.
Whether you are a restaurant owner or an