The ThreeBox Solution, Vijay Govindarajan
The ThreeBox Solution, Vijay Govindarajan
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The Three-Box Solution
A Strategy for Leading Innovation

Author: Vijay Govindarajan

Narrator: Jack Garrett

Unabridged: 7 hr 54 min

Format: Digital Audiobook Download

Publisher: Recorded Books

Published: 07/21/2017


Synopsis

How to Innovate and Execute Leaders already know that innovation calls for a different set of activities, skills, methods, metrics, mind-sets, and leadership approaches. And it is well understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. How do you meet the performance requirements of the existing business-one that is still thriving-while dramatically reinventing it? How do you envision a change in your current business model before a crisis forces you to abandon it? Innovation guru Vijay Govindarajan expands the leader's innovation tool kit with a simple and proven method for allocating the organization's energy, time, and resources-in balanced measure-across what he calls "the three boxes": - Box 1: The present-Manage the core business at peak profitability - Box 2: The past-Abandon ideas, practices, and attitudes that could inhibit innovation - Box 3: The future-Convert breakthrough ideas into new products and businesses The three-box framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring these different sets of behaviors and activities across all levels of the organization. Supported with rich company examples-GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata Consultancy Services-and testimonies of leaders who have successfully used this framework, this book solves once and for all the practical dilemma of how to align an organization on the critical but competing demands of innovation.

About Vijay Govindarajan

Vijay Govindarajan is the Earl C. Daum 1924 Professor of International Business and founding director of the Tuck School’s Center for Global Leadership. He has worked with dozens of Fortune 500 corporations and speaks at conferences around the world. He is the co-author of Beyond the Idea and How Stella Saved the Farm. He lives in New Hampshire.


Reviews

Goodreads review by Darren on April 30, 2016

Innovation is easier said than done. There is no shortage of books promising to shine a light on the art of innovating within a company. Maybe this one is different? The author believes that companies can meet the performance requirements of their current operational business whilst working to chang......more

Goodreads review by Frank on May 23, 2020

Box 1. Vishnu. Vishnu is the God of preservation. So this box 1 is the performance engine. It is here key income is generated and therefore, it is also from work in this box that box 3 work focusing on creation is financed. Box 1 Vishnu is about core competencies, daily operations and delivery. Stron......more

Goodreads review by Ahmad on August 10, 2020

The book started very well and with a very interesting ideas. But, as I moved on I lost my interest in the book, the reasons are : 1- the writer is trying to make his simple idea to look so smart and out of this world. I think the basic idea came to him and then he tried to build a book around it. th......more

Goodreads review by Jennifer on February 02, 2024

Good concept of balancing the 3 boxes in business (past, present, future), but very repetitive — would have been better as an article.......more

Goodreads review by Richard on July 14, 2018

Excellent framework for thinking through the complex and fraught relationship between the need for stability and the need for innovation. In his model, box one is the present of your core business (which keeps your operations afloat), box two is the history of the organization (which is made up of t......more