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06 November, 2022
3 Box Solution

In his book The Three-Box Solution, Vijay Govindarajan offersed a simple and framework for leading innovation

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In his book The Three-Box Solution, Vijay Govindarajan offersed a simple and framework for leading innovation:

(https://3boxsolution.com/book/ )
 

  • Execute the present core business at peak efficiency (Box 1)
  • Avoid the inhibiting traps of past success (Box 2)
  • Build a future day by day through breakthrough innovations (Box 3)

The three boxes fundamentally manage 3 different time zones: Past, Present and Future

Vijay discusses Thought Pieces on Learnings from Three Box Solution on LinkedIn, which provides additional insights on how to deal with the different interests of as he calls it CoreCo and NewCo.

Established organizations have a less-than-impressive track record when it comes to building breakthrough businesses. How to create expensive facilities required for businesses like semiconductors and similar industries? Vijay has established the core mechanisms for this type of cooperation with the concepts:

·       Borrow

·       Forget

·       Learn

Again coupled to the three time scales.