Three Box Solution: Managing during and post COVID-19
The Three-Box Solution describes the framework for managing a business’s responsibility to take action in three time horizons at once: executing the present core business at peak efficiency (Box 1); taking steps to avoid the inhibiting traps of past success (Box 2); and inventing a future built on nonlinear innovations (Box 3).
A truly successful company must have a strategy that incorporates all 3 boxes, since each one is vital to the stability and future growth of the organization.
During COVID, companies over-focus on business continuity (Box 1), risking to invest in the future that awaits them post-COVID (Box 2/3). It is VG’s mission to inspire
companies to forge a 3 box strategy that incorporates efficiency (a Box 1 imperative) with breakthrough innovation (Boxes 2 and 3) and discuss approaches to invest for the future NOW even while focusing on business continuity.
At the end of the session, participants will be able to develop a framework to answer the following questions:
Why do companies need to continuously innovate strategically?
How can firms identify market discontinuities that shape the future evolution of the industry?
How can firms exploit accelerating global opportunities as a result of the discontinuous shifts in the marketplace?
How can firms build the requisite organizational DNA to create the future while managing the present?
How do you execute breakthrough strategies?
Who Should Participate?
You own the plan for the initiative more than any other person even though in most cases you will not have complete control.
Members of the Team:
The best-prepared team members fully understand the challenges their leaders face and what will be expected of them on the frontiers of an Innovation Initiative, where the trusted rules don’t make sense.
Mid-Level Managers and Executives:
These important leaders must understand the foundations of innovation in order to support the process from their position.
The innovation leader reports to the supervising executive, who has critical and demanding responsibilities in successful execution of innovation initiatives.
CEOs and Chief Innovation Officers:
To reach their highest aspirations, CEOs and chief innovation officers must scale up from single innovation projects to routine innovation success. They must institutionalize innovation.
Performance Engine Leaders who Support an Innovation Initiative:
These leaders must understand the conflicts between innovation and ongoing operations and how best to support innovation initiatives while sustaining excellence in ongoing operations.
Innovation Coaches and Facilitators:
These leaders facilitate learning the foundations of innovation and provide practical support throughout the execution of the innovation initiative.
CEOs, MDs, Directors and Senior Management
Founders and Entrepreneurs
Strategy Heads, Business Heads and Business & Strategy Consultants
CMOs, Key Marketing Professionals
Chief Digital Officers, Digital Marketing Professionals
Coxe Distinguished Professor, Tuck School of Business at Dartmouth, #3 Management Thinker in the world
Vijay Govindarajan, better known as VG, has helped CEOs and senior officers in more than 100 Fortune 500 firms to deepen and integrate their thinking about Strategy and Innovation. He has authored 12 books and has published widely in academic and practitioner journals on the topic of Innovation.
He was the first Professor-in-Residence and Chief Innovation Consultant for General Electric, where he and GE CEO Jeffrey Immelt pioneered the concept of reverse innovation. In 2012, Harvard Business Review rated the concept as one of the “Great Moments in Management in the Last Century.” Recognized as one of today’s leading business strategists, he was designated No. 3 in the Thinkers50, 2011 ranking of most influential living management thinkers and winner of their Breakthrough Idea Award.
Prior to joining Dartmouth College’s Tuck School of Business, VG was on the faculties of Harvard Business School, INSEAD (Fontainebleau) and the Indian Institute of Management (Ahmedabad, India).
Three Box Solution: A Strategy For Leading Innovation, HBR Press.
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Students' Only Offer
Join us for the Digital Masterclass on Strategy & Innovation Excellence with Vijay Govindarajan for Rs 6999 Rs 999 and get Complimentary Access to VCCircle Premium for 1 month