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STRATEGY IS INNOVATION:

HOW THE LEADERS OF TOMORROW CREATE THE FUTURE



This course is developed based on Prof. Vijay Govindarajan’s framework for Leading Innovation using the 3 Box Solution Model.

Companies large and small are seeking non-linear growth and hence driving innovation has become a priority.Yet, many companies struggle to bring their big ideas to life. This is because the real innovation challenge lies beyond just the idea, in the long journey from imagination to business impact.

In this course participants understand how to manage the competing demands of running today’s business while creating tomorrow’s. In particular, the course is designed to allow participants to gain knowledge, insight, and analytical skills and apply the 3-Box Framework for Leading Innovation,which includes:


a) Managing the Present:

  • Core Competencies
  • Concept of Business Model
  • Dominant Logic

b) Selectively Forgetting the Past

c) Creating the Future:

  • Strategic Intent
  • Next Practices
  • Innovation Execution

Course Highlights

43

Interactive Lectures

11

Real World Applications

6

Discussions

2

Case Studies



Syllabus

Frameworks:

a) Introduction to 3-Box Framework

b) Good Examples of 3-Box Thinking

c) Bad Examples of 3-Box Thinking

d) Strategic Balance and Examples

Application:

a) 3-Box Time Allocation to Your Company

b) Evaluate Box 2 and 3 Frameworks for Your Company and Industry

Pre-Work:

a) Watch: Apollo 13 movie

Frameworks:

a) Strategy Architecture and Strategic Intent

b) Strategic Intent – Apollo Program and Marathon Race

c) Core Competencies and Honda Example

Application:

a) Create and Evaluate Your Company’s Statement of Strategic Intent

b) Evaluate Your Company’s Core Competencies

Framework:

a) Reverse Innovation – Introduction

b) Example of Reverse Innovation –GE Healthcare, Narayana Hridayalaya, Artificial Leg, $300 House

c) How to Select Box 3 Ideas

d) How to Scope Each Idea

Application:

a) Generating Box 3 Ideas – Non-Linear Shifts and Weak Signals

b) Selection of Box 3 Ideas

c) Scoping out Selected Ideas

d) Box 3 Idea’s Potential in New Markets

e) Modifications to Serve New Markets

Framework:

a) Understanding Innovation Execution & Challenges

b) Overcoming the 6 Innovation Challenges

c) Critical Assumptions

d) Designing Innovation Experiments

e) Avoiding Common Errors

Application:

a) Applying the 6 Challenges Framework to Your Innovation Idea

b) Identifying Critical Assumptions

Benefits to the learner

Intellectual Capital
  • Global IVY Education
  • Rigorous and experiential curriculum
  • World-renowned faculty
  • Globally Connected Classroom: Peer to Peer Learning Circles
  • Action Learning: Learning by Doing
Brand Capital
  • Certificate from EMERITUS in collaboration with Columbia
    Business School
Social Capital
  • Build new networks through peer interaction
  • Benefit from diverse class profiles
Career Capital
  • Professional Acceleration through our enriched leadership toolkit
  • Learn while you earn
  • Get noticed. Get ahead.

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