The Three Box Solution For Leading Innovation

Vijay Govindarajan’s book, The Three Box Solution, is all about how to:

Box 1 – Manage your present core business at peak efficiency and profitability.

Box 2 – Escape the traps of the past by identifying and divesting business and abandoning practices, ideas, and attitudes that have lost relevance in a changed environment.

Box 3 – Generate breakthrough ideas and convert them into new products and businesses.

And, as leaders, he recommends that you ensure your organization does now fall into any of these three traps:

The Complacency Trap – where current success conditions a business to suppose that securing the future requires nothing more than repeating what it did to succeed in the past.

The Cannibalization Trap – that persuades leaders that new business models based on nonlinear ideas will jeopardize your company’s present prosperity. In other words, don’t protect your present core business by resisting ideas that don’t conform to models of the past.

The Competency Trap – which arises when positive results in the current core business encourage the organization to invest mainly in present core business competencies and provide little incentive for investing in new and future-oriented competencies.

Thank you to the book publisher for sending me a copy of the book.

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