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Keynote Speaker

Vijay Govindarajan is the Coxe Distinguished Professor at Tuck School of Business at Dartmouth College and is a Faculty Partner in the Silicon Valley incubator Mach 49. He is widely regarded as one of the world’s leading experts on strategy and innovation.

He is a NYT and WSJ Best Selling Author. His most recent best-seller is The Three Box Solution – A Strategy for Leading Innovation.

His Harvard Business Review articles “Engineering Reverse Innovations” and “Stop the Innovation Wars” won McKinsey Awards for best article published in HBR. His HBR articles “How GE Is Disrupting Itself” and “The CEO’s Role in Business Model Reinvention” are HBR all-time top-50 bestsellers.


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Session Overview & Key Takeaways

In a nutshell, the Three-Box Solution describes the framework for managing a business’s responsibility to take action in three time horizons at once:

  • 1) Executing the present core business, the Performance Engine, at peak efficiency.
  • 2) Taking steps to avoid the inhibiting traps of past success.
  • 3) Inventing a future built on non-linear breakthrough ideas.


The Workshop shows the distinctive skills each box requires, how the boxes interrelate, and what it takes to balance them.

We now live in an era of almost constant change. First, new technologies continue to emerge at an ever-more rapid pace. Second, globalization brings with it new markets, new customers, nontraditional competitors, and new challenges. Third, the Internet has created much greater transparency in any company’s strategy, actions, and performance. As a result of these forces, companies find that their strategies need almost constant redefinition—either because the old assumptions are no longer valid, or because the previous strategy has been imitated and neutralized by competitors, or because technological developments and globalization offer unanticipated opportunities. Rooted in these premises, the strategic challenge for organizations becomes: How to successfully create the future (Boxes 2 and 3) even while managing excellence in the present (Box 1)?

Specific leadership challenges include: How do we identify the market discontinuities (e.g., fundamental shifts in technology, customers, competitors, lifestyle/ demographics, globalization, regulations, etc.) that could transform our industry? How do we analyse the opportunities and risks, as a result of our understanding of market discontinuities? How can we create new growth platforms (Box 3) with a view to exploiting the market discontinuities? How do we selectively forget the past (Box 2)? What are our core competencies and how can we leverage them in the growth platforms? How do we allocate resources to support growth? What kind of organizational DNA must we have in order to anticipate and respond to changes on a continual basis? How do we execute breakthrough strategies?



Objectives

The program is designed to deliver three objectives:


  • 1) Introduce concepts, frameworks, and ideas.
  • 2) Show how world-class companies have used the ideas to drive breakout performance.
  • 3) Describe methods by which you can apply the framework in your own organization.


Learning Golas

At the end of the session, participants will be able to develop a framework to answer the following questions:


  • 1) Why do companies need to continuously innovate strategically?
  • 2) How can firms identify market discontinuities that shape the future evolution of the industry?
  • 3) How can firms exploit accelerating global opportunities, as a result of the discontinuous shifts in the marketplace?
  • 4) How can firms build the requisite organizational DNA to create the future while managing the present?
  • 5) How do you execute breakthrough strategies?



Who Should Attend?

Three Box Strategy applies equally well in for-profit organizations as well as non-profit organizations (including government institutions). Managers at all levels would find the program relevant and valuable.


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Rajib Roy | Director
Confederation of Indian Industry