BENEFITS OF PAST CRISES
A look back in history quickly reveals numerous ways that crises have offered unexpected benefits for societies, countries, and humanity.
Rapid problem solving and innovation: Plato is credited for coining the phrase “Necessity is the mother of invention,” and often a crisis acts as the forcing mechanism to compel expeditious innovation, leading to rapid advances in technology, policy, and/or procedures.
- Deep Water Horizon: In 2010, the Deep Water Horizon rig exploded and collapsed in the middle of the Gulf of Mexico, unleashing the largest single oil spill in history. This 87-day uncontrolled release of crude oil from the sea floor (over a mile underwater) created an unprecedented problem and an environmental disaster. At the time of the incident, no technology or mechanism existed to contain it. The “Capping Stack” that ultimately brought the release under control—as well as the ability to install it at such great water depth—was developed “on the fly” over a few months. This technology is now incorporated as a con
Sometimes the world needs a crisis: Turning challenges into opportunitiesSometimes the world needs a crisis: Turning challenges into opportunities