Three Box-Solution for New Innovative Business World
December 21, 2019
How to Transform and Accomplish. Leaders already know that invention demands for a different set of actions, abilities, methods, metrics, mind-sets, and leadership approaches. And it is well understood that generating a new business and improving an already existing one are two fundamentally different organization challenges. The real problem for leaders is doing both, instantaneously. How do you meet the performance requirements of the existing business–one that is still thriving–while dramatically reinventing it? How do you envision a change in your current business model before a crisis forces you to abandon it?
Box 1: The present–Manage the core business at peak profitability; Box 2: The past–Abandon ideas, practices, and attitudes that could inhibit innovation; Box 3: The future–Convert breakthrough ideas into new products and businesses. The three-box framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring these different sets of behaviors and activities across all levels of the organization.
The basic idea here is the future is now. The future is not what you have to do in the future. That means, if you are a corporation and you want to be a leader in the year 2020, the job does not start in the year 2020. The job starts [today]. The future is now. Your future is now. Corporations need to take actions in three boxes.
Box one is manage the present. That means you’ve got to improve the efficiency of your current businesses, the way they are constructed today. Box two is about … the past. You have to abandon some of the mindsets and practices from the past. Box three is about creating the future….