Using Crisis as an OpCrissesportunity to Change
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Transcript of Using Crisis as an OpCrissesportunity to Change
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7/29/2019 Using Crisis as an OpCrissesportunity to Change
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Using Crisis as an Opportunity to
Change
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Do you see an opportunity in
crisis?
You have been in circumstances that have been so adverse that
there could have been no positive side to it?
Retrospect & think about those incidents of your life, you willrealize you must have learnt immensely from them. These
adverse circumstances become opportunities, when you dont
let them hinder you, but let them motivate you.
This presentation brings to you some great people who found
opportunity in the most adverse situations.
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Narayan Murthy in prison in Bulgaria In 1947 , when the co-founder of Infosys, Mr
Narayan Murthy was hitchhiking from Paris toMysore. At Nis a town on the border ofYugoslavia & Bulgaria, he took the SophiaExpress. He started a conversation with a localgirl & discussed about the challenges of living inEastern Europe. When the police observed this,they caught him & jailed him for 72 hours. Thenthey released him & put him on the freight trainto Turkey.
This experience made a deep impact on his mind.
He concluded that the only way to eradicatepoverty is by encouraging entrepreneurship thatresults in large scale job creation.
Thus, he successfully founded the IT company
Infosys in 1981.
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Get inspired by adversity
In adverse circumstances our view
becomes pessimistic, but if we keep a
positive attitude, we can think carefully as
to what lesson we can derive out of them.
We will get inspired by the adversity to
overcome it to build institutions like
Narayan Murthy did.
Such situations change our ideas & leave
us inspired.
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Amitabh Bachchan after bankruptcy
In 1999 ABCL started by Mr. Bachchan faced aliquidity crunch & went bankrupt. He was indeep trouble, but the reel life hero bouncedback with Kaun Banega Crorepati.
This program on Star Plus revived his fortune.
He hosted this quiz show at a time when moviestarts saw featuring on television as a step backin career & Mr. Bachchan changed thisperception.
He earned Rs. 15 crore for 85 episodes. Thencame the rush of endorsements. He bagged thedeal for endorsing ICICI Bank for Rs 10 crore.This helped him to clear all debts.
At 60 plus Mr. Bachchan had fought a battle that
even youngsters couldnt have dared to fight.
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No opportunity is small
Dont look at any opportunity to be small,
take it and make it big.
When you are going through tough timesopportunities might knock your door.
Dont turn away by saying that your
problem is too big & wont get solved by
this small opportunity. Take it & give it
your best.
Fortune favors the brave.
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Narasimha Rao liberalized India
In 1991 India faced a Balance of Paymentcrisis. Foreign Exchange reserves were low &the Indian government was in such a severedebt that it had to trade its gold reserves tothe IMF to get a loan of $ 2.2 billion.
The then Prime Minister P.V. Narasimha Raointroduced liberalization in India. Reformswere introduced to open up India to foreigninvestments. Capital market & trade regimewere reformed.
Rao along with economist Manmohan Singhthen set goals to reduce the fiscal deficit,increase infrastructure investment &privatize the public sector. They opened upIndia to foreign trade & pulled India out of
the crisis.
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Bold decisions at a crucial juncture
It is difficult to take the right decision at
a crucial juncture, especially when you
are a leader.
Bold decisions are risky but, when
implemented in the right way always
lead to successful future.
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Hurricane Sandy & Obamas election
campaign
Barack Obama led the presidentialelections in the final days and HurricaneSandy is one of the reasons why he wonthe elections according to many.
The storm devastated the West Coast ofUS just one week before the USPresidential Elections.
The Federal Government did everything
possible to provide all that wasnecessary to the affected areas. Heclosely monitored the situation andpushed the electric companies to getback power as soon as possible.
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Obstructions are opportunities
When you have planned something &
things go wrong to disrupt your plans, the
disruption might actually be an
opportunity.
Be prepared to use each impediment to
your advantage.
Obstructions in your plan are testing times,when you overcome them, you grow & rise
above the situation.
People start trusting you & relying on you.
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Julian Assange in Political Asylum Julian Assange the founder of WikiLeaks is in
Ecuadorian Embassy, as he faces the risk ofextradition to the US, charging him forleaking out thousands of US military secrets& diplomatic information.
According to him 40 % WikiLeaks' fundscome from the US, despite the hostilegovernment. In his second address since hisconfinement he said boldly that 2012 washuge year for WikiLeaks, as it had placedmillion documents on internet, some even
related to the Syrian Civil War.
Despite the dire circumstances he has nointention of slowing down. He said thatWikiLeaks was releasing some more million
documents in 2013, that would affect allcountries.
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Challenge yourself
When you take a step that challenges the
authority it demands courage. But, you
cannot give up even if you are confined.
Even in dire circumstances you need to
stand by what you believe strongly.
In fact, you will gather courage from the
people who stand by you.
When tough times besiege you, your self
belief will be challenged.
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Grow from your challenges
Bold decisions are risky but, when implemented in the right wayalways lead to a successful future.
When you have planned something & things go wrong to disruptyour plans, the disruption might actually be an opportunity.
Be prepared to use each impediment to your advantage.
When you take a step that challenges the authority it demandscourage. But, you cannot give up even if you are confined.
Keep a positive attitude in adverse circumstances, only then willyou learn from them.
No opportunity is small, cash on it and make it big.