I’m currently attending a six-week course entitled “Strategy is Innovation” designed by Professor Vijay Govindarajan (VG). He is a Wall Street Journal and New York Times bestselling author, widely regarded as one of the world’s leading experts on strategy and innovation. While this course addresses the how an organization as a whole should implement the strategy as a way to innovate for the future, I was wondering if the same principles could be applied to a more specific area – technology transformations.
The main concept behind the Three Box Solution is this: Box 1 represents managing the present. Box 2 represents selectively forgetting the past. And Box 3 represents creating the future. VG’s posits that companies tend to focus on box 1 which is all about managing the present. However, this, in the long run, can be limiting, since all of your efforts and energy is being spent on the present, and not enough emphasis or time spent addressing the future needs of the organization. So, by focusing on box 1 thinking they will never grow. Box 1 thinking is about competition for the present. Box 2 and 3, on the other hand, are about competition for the future. Box 2 is about selectively forgetting the past, and box 3 is about creating the future.
Read More from This Article: IDG Contributor Network: Applying the 3-box solution to technology transformation
Source: IT Strategy