Til hovedinnhold

Opportunities in the Wake of Crisis

Opportunities in the Wake of Crisis

Kategori
Vitenskapelig artikkel
Sammendrag
This study reveals the history of a Norwegian automotive supplier that went bankruptcy during the financial crisis in 2009. The crisis swept through the industry and hit hard for those actors who already struggled to keep up with the cost pressure. A few people kept faith in knowledgeable workers and innovative ideas, and the company arose from the cumbersome situation to become a sole supplier of critical wheel suspension systems to European premium brands. The company managed to ascend and invest in R&D and innovations that save weight, reduce number of components and save cost. The main research question asked in this study is what strategic capabilities are demonstrated when turning a crisis into opportunities. The study shows interesting features about how a supplier can adapt to a completely new market situation by focusing on, and combining, R&D, customer relations, co- creation, employee competency, sustainability and ability to adapt. The essence is that the crisis was not entirely negative - it also gave opportunities for those who dared to invest in human capital, technology and niche markets.
Oppdragsgiver
  • Research Council of Norway (RCN) / 210671
Språk
Engelsk
Forfatter(e)
  • Halvor Holtskog
  • Geir Ringen
Institusjon(er)
  • Norges teknisk-naturvitenskapelige universitet
  • SINTEF Manufacturing
År
Publisert i
Procedia CIRP
ISSN
2212-8271
Årgang
7
Side(r)
73 - 78