United Safety & Survivability Corporation: Strategies during COVID-19
Thomas Klueter, Joe Mirabile, Solon Moreira
Product #:W27278
Supplier:Ivey/Temple
Discipline:Entrepreneurship, Strategy
Setting:United States, 2020
Subjects:
Industries:
Geography:
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Learning Objectives
The case focuses on how a company can assess alternatives in times of unprecedented uncertainty. Students will debate the tradeoff between switching to survival mode and preserving cash versus striving for innovative solutions and framing the pandemic as a quasi-opportunity. Working through the case and assignment questions will give students the opportunity to do the following:
- Analyze the pros and cons of pursuing a conservative versus an opportunistic strategy when facing high uncertainty.
- Discuss how firms can develop their portfolio in terms of moving closer to or away from their existing core competencies, while considering that such a decision should be aligned with external conditions.
- Understand the characteristics and effectiveness of different R&D strategies to develop new technologies (e.g., internal R&D, alliances, licensing, etc.).
- Based on the case insights, create an action plan for pursuing an innovative strategy when the timing is critical and resources to build a product from scratch are limited.
- Discuss the importance of aligning a firm’s R&D strategy with critical factors such as market size, scalability, competitive advantage, and timing.