Identifying "Situational Opportunities" LO17123

Walter Derzko (wderzko@pathcom.com)
Sat, 21 Feb 1998 09:08:02 -0800

I'm looking for more current examples of "Situational Opportunities"
This is when an individual or company can foresee and predict a
distinct one-time event (not trend) and take some action to mitigate
some perceived threat or create an opportunity surrounding it or through
some association-real or perceived. Here's an example with the
build-up of tensions over Iraq this week. Univ of Wisconsin-Madison
is positioning itself as the source of experts. I'm sure many other
institutions have equally qualified people, yet the failed to see the
emerging "opportunity space" being created.

================

February 20, 1998

TO: Editors, news directors
FROM: Liz Beyler, (608) 263-1986
RE: Expert comment on the Iraq situation

In 1991, during the Persian Gulf crisis, the Office of News and Public
Affairs compiled a list of University of Wisconsin-Madison experts who
could comment on various aspects of that conflict. We have now updated
the list for your use in coverage of the threatened U.S. bombing strikes
on Iraq and their aftermath.

U.N. on-site inspections in Iraq, arms control compliance

* George Rueckert (RICK-ert), lecturer in international relations/political
science and author; 263-6916 (work); 798-0480 (home); georueck@aol.com

Protection from biological/chemical agent attack

* Steven Kornguth, professor of neurology and biomolecular chemistry, UW
Medical School; 263-5933 (office); 233-9520 (home).

etc.

----------
Another classic example were the ads placed by Prudential Insurance
days after Marvel Comics had announced the death of "Superman",
reminding people that everyone is immortal, even Superman, so go visit
your friendly Prudential Insurance agent.
----------
I'm look for other recent examples, from various industries and the
thought process that went on behind it.

How do entrepreneurs and companies spot or anticipate situational
opportunities ? (I'm not looking for the obvious ones: Holidays,
Superbowl, RRSP time because most recognize those,
but the more subtle, creative ones)
Is it more common in large or small firms ?
Who's responsibility is it ?
Is it done by marketing, strategy or other functions ?
Is an unconscious or deliberate, predetermined process ?
That's the thinking process going on ?
Do we learn from examples that were missed ?
Please state examples.

Walter Derzko
Brain Space
"The Opportunity Clinic"
wderzko@pathcom.com

-- 

"Walter Derzko" <wderzko@pathcom.com>

Learning-org -- Hosted by Rick Karash <rkarash@karash.com> Public Dialog on Learning Organizations -- <http://www.learning-org.com>