EXECUTIVE EDUCATION

Innovation Strategy: How Leaders Create the Future

A framework for business today and tomorrow

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Course Dates

STARTS ON

April 14, 2021

Course Duration

DURATION

8 weeks, online
2-4 hours per week

Course Duration

PROGRAM FEE

US$2,700

Course Information Flexible payment available

This course is best taken as a group to maximize organizational impact.

Join in teams of 3 or more and get 25% off program fee per participant.
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The Future Is Now

How do you meet the performance requirements of the current business—one that is still thriving—while dramatically reinventing it?
How do you foresee a change in your current model before a crisis forces you to abandon it?

The Three-Box Solution: A Framework for Making Innovation Happen

Strategy and innovation expert Vijay "VG" Govindarajan expands the leader’s tool kit with a simple and proven method for allocating the organization’s energy, time, and resources. This framework for innovation is called the Three-Box Solution.

Key Takeaways

In this program, you will learn the three-box framework, allowing you to:

  • ADDRESS critical strategy questions such as:
    • Why strategy is about the future and why companies must continuously innovate
    • How to identify market discontinuities that shape the future of your industry
    • How to build organizational DNA that embraces the innovation mindset
  • EXPLORE how to instigate productive and non-defensive conversations about what it really takes to make innovation happen
  • LEARN effective, elegant, and practical principles for making innovation happen in your organization
  • DISCOVER how to avoid some of innovation’s most toxic myths, how to build the right kind of team, and how to learn quickly from experience

Who Should Participate?

The program is designed for corporate teams or individual learners. Teams will accelerate the learning by collaborating on business application projects, while individual learners will work on application projects specific to their unique business context, and then join a team of peers to allow for a diversity of perspective and feedback on their work.

Select Participant Roles:

  • Director/Senior Director
  • Leadership Development Manager/Director
  • Business Manager/Director
  • General Manager/ Director
  • Marketing Manager/Director
  • Operations Manager/Director
  • Corporate Planning & Performance Manager/Director
  • Quality Control Manager/Director
  • National Sales Manager/Director
  • Head of Strategic Business Development
  • Head of Engineering

Program Design

Module 1:

Strategy is Innovation

Get an overview of the Three-Box Framework, see examples of it in practice, and understand what is meant by leading innovation with the 'Three-Box Mindset'. You will identify weak signals by observing changes in your industry and complete an exercise on time allocation across the three boxes.

Module 2:

Strategic Intent and Core Competencies

This module focuses on strategy architecture, including strategic intent and core competencies using examples such as the film Apollo 13 to illustrate these principles. Exercises include creating and evaluating a strategic intent statement and evaluating the core competencies of your organization.

Module 3:

Box Three Ideation

This module is about ideation – the formation of ideas and concepts – including VG's award-winning concept of Reverse Innovation, where an innovation is seen or used first in the developing world, before spreading to the industrialized world. You will explore a wide range of examples of ideation and reverse innovation, including GE Healthcare and the $300 House Concept, and share your own examples through moderated discussions.

Module 4:

Innovation Execution

Innovation is about commercializing creativity and execution is critical in innovation strategy. This module delves into innovation execution, beginning with 'the forgetting challenge'. You will list and analyze the list of skill sets and elements needed to form a dedicated Box Three team in order for your ideas to achieve maximum business impact.

Module 1:

Strategy is Innovation

Get an overview of the Three-Box Framework, see examples of it in practice, and understand what is meant by leading innovation with the 'Three-Box Mindset'. You will identify weak signals by observing changes in your industry and complete an exercise on time allocation across the three boxes.

Module 3:

Box Three Ideation

This module is about ideation – the formation of ideas and concepts – including VG's award-winning concept of Reverse Innovation, where an innovation is seen or used first in the developing world, before spreading to the industrialized world. You will explore a wide range of examples of ideation and reverse innovation, including GE Healthcare and the $300 House Concept, and share your own examples through moderated discussions.

Module 2:

Strategic Intent and Core Competencies

This module focuses on strategy architecture, including strategic intent and core competencies using examples such as the film Apollo 13 to illustrate these principles. Exercises include creating and evaluating a strategic intent statement and evaluating the core competencies of your organization.

Module 4:

Innovation Execution

Innovation is about commercializing creativity and execution is critical in innovation strategy. This module delves into innovation execution, beginning with 'the forgetting challenge'. You will list and analyze the list of skill sets and elements needed to form a dedicated Box Three team in order for your ideas to achieve maximum business impact.

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Program Faculty

Vijay "VG" Govindarajan

Coxe Distinguished Professor at Tuck School of Business at Dartmouth

Vijay "VG" Govindarajan is widely regarded as one of the world’s leading experts on strategy and innovation. VG is the Coxe Distinguished Professor (a Dartmouth-wide faculty chair) at Tuck School of Business at Dartmouth College and a former Marvin Bower Fellow at Harvard Business School. VG is a Faculty Partner at Mach49, a Silicon Valley incubator. He was the first Professor in Residence and Chief Innovation Consultant at General Electric. He worked with GE’s CEO Jeff Immelt to write, “How GE is Disrupting Itself”, the Harvard Business Review (HBR) article that pioneered the concept of reverse innovation – any innovation that is adopted first in the developing world. HBR picked reverse innovation as one of the Great Moments in Management in the Last Century... More info

Testimonials

"At PepsiCo, we practice what VG preaches."

— INDRA K. NOOYI, FORMER CHAIRMAN AND CHIEF EXECUTIVE OFFICER, PEPSICO, INC.

"As a long-time mentor to Hasbro, Vijay Govindarajan’s simple yet profound Three-Box Solution has inspired our teams to create a culture of innovation, challenge the trappings of the past and create our future."

— BRIAN D. GOLDNER, CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER HASBRO, INC.

Certificate

Certificate

Upon successful completion of the program, participants will be awarded a verified digital certificate by Tuck Executive Education at Dartmouth.

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Early registrations are encouraged. Seats fill up quickly!

Flexible payment options available. Learn more.