Strategic Innovation Using the 3 Box Solution

Module

Strategic Innovation Using the 3 Box Solution is based upon Prof. Vijay Govindarajan’s (Harvard Business School and Dartmouth College’s Tuck School of Business) methodology and toolkit for generating and implementing transformational business models.

Learning objectives

Over the duration of the training course, we will aim to achieve the following learning objectives:

  • Identify weak signals by observing non-linear shifts in your industry
  • Evaluate and create a strategic intent statement for your organisation
  • Understand the core competencies of your organisation
  • Create Box 3 ideas
  • Analyse and identify business model differences between the core business (Box 1) and the new Box 3 venture
  • Describe the skill sets needed to be created and/or borrowed from the core business (Box 1) for the new Box 3 venture
  • Design strategies to overcome innovation execution challenges
  • Create appropriate performance management criteria for your new Box 3 venture

Topics

  • Strategy is innovation: Introducing the 3 Box framework
  • Non-linear shifts and Weak signals
  • Strategic intent and Core competencies
  • Box 3 ideation: Converting non-consumers & Reverse Innovation
  • Innovation execution challenges
  • Overcoming innovation execution challenges
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