NEW YORK (WCBS 880) — Business owners have been improving manufacturing processes, supply chains and other sectors impacted by COVID-19, but it hasn’t been easy.
“Those people who would optimize their supply chains, who had done just-in time-manufacturing, had financial leverage. When they got hit by COVID, they didn’t know what to do and they basically went out of business. But, it was the entrepreneurs who had the spirit of a pirate and the execution skills of a Navy SEAL who seized the new opportunities,” said Bill Aulet, managing director of the Martin Trust Center for MIT Entrepreneurship.
Aulet, who was an executive at IBM for 25 years before starting three technology companies of his own, said on the WCBS Small Business Spotlight, sponsored by Dime Community Bank, that change is a motivator for entrepreneurs who are always looking for new growth areas.
“Business people were told command, control, defeat whatever it is that …