This is another one of those great conversations that makes me realize how much trend following is woven into society — even if it’s not called that.
The Three Box Solution mindset/plan is the outcome of 35 years of research, teaching, writing, and consulting. It is well-understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. 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 boxes:
Box 1: The present—Strengthen the core
Box 2: The past— Let go of the practices that fuel the core business but fail the new one
Box 3: The future—Invent a new business model
The “three box” framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring the different sets of behaviors and activities, across all levels of the organization. Supported with rich company examples—such as GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata—and testimonies of leaders who have successfully used this framework to lead innovation, this book solves once and for all the practical dilemma of how to align an organization on the critical but competing demands of innovation.
Bio: Manish Tangri has spent more than fifteen years executing entrepreneurial innovation activities in Fortune 500 organizations. At Intel Capital, Tangri executes strategic transactions–including mergers and acquisitions, equity investments, and partnerships–worldwide.
In this episode of Trend Following Radio:
- Education in India
- Three-Box Framework:
- Box 1: Manage the Present
- Box 2: Selectively Forgetting the Past
- Box 3: Creating a New Business Model
- Facebook Buying Instagram
- Ideation and Incubation