Introduction

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.

Learning Goals:

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?

Innovation Leaders:
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.

Supervising Executives:
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.

Designations:

  • 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
  • Intrapreneurs and Startups
  • Private Equity and Venture Capitalists

Agenda

26 Jun, 2020
Friday
  • 5:00 PM – 5:55 PM

    Module 1 - Breakthrough Idea Generation

    Framework
    a) Introduction to 3-Box Framework
    b) Strategic Balance and Examples
    c) Strategy Architecture and Strategic Intent
    d) Ideation

    Application
    Application Exercise to brainstorm breakthrough ideas for your firm

  • 5:55 PM – 6:05 PM

    Break

  • 6:05 PM – 7:00 PM

    Module 2 - INNOVATION EXECUTION

    Framework
    a)Innovation execution as a marathon race
    b)Understanding Innovation Execution & Challenges
    c)Critical Unknowns
    d)Designing Low Cost Experiments To Test Critical Unknowns

    Application
    Application Exercise on Three Box Solution

    Course Concludes


Expert

Image

Vijay Govindarajan

Coxe Distinguished Professor, Tuck School of Business at Dartmouth, #3 Management Thinker in the world

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Cancellation Policy:

Refund and Substitution Policy (Differ from one programme to other, please read carefully): No refunds will be granted for cancellations made within 15 days of the workshop. Those delegates, who have confirmed and do not attend, are liable to pay the full course fee and no refunds will be granted. Cancellation fee of 50% will be applicable 30 days prior to the workshop. Cancellation fee of 25% will be applicable up to 45 days prior to the workshop. Company reserves the right to amend content, expert, policy, venue & date(s) of the workshop. Participants will be refunded the registration fee in full in case the workshop gets cancelled. In case of refunds or cancellation mentioned above - the inward and outward Forex transaction cost (s) and currency fluctuation differential will be charged while accounting for the refund. Company assumes no liability for any costs including transportation, hotel reservations or any other costs incurred by participants in the event of cancellation.

Substitution Policy:

Substitutions within a company are permitted through the workshop/training date, request must be by email to training@vccircle.com


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