Developing Breakthrough Innovations with the Three Box Solution from edX

Companies today are constantlyhaving to adapt and redefinetheir strategies due to the impact of technology and globalization.To be a leader in the future means you need to be able to change, adapt, and innovate.

In this course, part of the Leading Innovation Professional Certificate program, you will learn from the leading expert on strategy and innovation, Vijay Govindarajan (VG), about the Three Box framework, defined below:

Box 1 Manage the present: Managing the core business at peak efficiencyBox 2 Selectively forget the past: Abandon ideas, practices, and attitudes that could inhibit innovationBox 3 Create the future: Develop and convert breakthrough ideas into new products and businesses

The Three Box framework is a method and toolkit designed to help organizations appropriately allocate their time and resources to implement transformational business models. This course will teach you how to accelerate the success of innovations in your own company.

The course is organized into four modules, where eachconcept istaughtusing a series of videosand illustrative examples to help deepen your understanding.

The course is based onThe Three Box Solution: A Strategy for Leading Innovation book. The content of this course is relevant for a large corporation, a mid-size business, a startup or a nonprofit organization. Because innovation is a team sport, the course is useful for individuals who intend to advance careers in R&D, Engineering, Manufacturing, Marketing, Sales, Service, Human Resources, Accounting, and Finance.

What's inside

Learning objectives

Module 1 strategy is innovation: understand the three box framework and see examples of it in action
Module 2 strategic intent: understand how to set long-term strategic direction that can provide context for employees to brainstorm and identify box 3 breakthrough ideas

Module 3 core competencies: understand what core competencies are and how they can be leveraged in box 3 innovation ideas
Module 4 box 3 ideation: explore reverse innovation through a series of examples

Module 1 strategy is innovation: understand the three box framework and see examples of it in action
Module 2 strategic intent: understand how to set long-term strategic direction that can provide context for employees to brainstorm and identify box 3 breakthrough ideas
Module 3 core competencies: understand what core competencies are and how they can be leveraged in box 3 innovation ideas
Module 4 box 3 ideation: explore reverse innovation through a series of examples

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Explores innovation strategies essential for career advancement in R&D, Engineering, Manufacturing, Marketing, Sales, Service, Human Resources, Accounting, and Finance

Teaches the Three Box framework, a key methodology in business model transformation

Provides examples and case studies to illustrate the application of the Three Box framework in various industries

Covers advanced innovation concepts such as reverse innovation and core competencies

Based on the book 'The Three Box Solution' by Vijay Govindarajan, a leading expert on strategy and innovation

May require prior knowledge or experience in business strategy and innovation

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Developing Breakthrough Innovations with the Three Box Solution with these activities:

Review Core Concepts in Strategy and Innovation

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Strengthen your understanding of the fundamental concepts that underpin the Three Box Framework and innovation practices.

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Review lecture notes or textbooks on strategy and innovation.
Revisit key concepts, such as market analysis, competitive advantage, and disruptive innovation.
Consider how these concepts relate to the Three Box Framework.

Explore Case Studies of Successful Innovation

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Learn from real-world examples of how companies have successfully applied the Three Box Framework to drive innovation.

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Identify reputable sources for case studies.
Read and analyze case studies of successful innovation.
Extract key lessons and insights from the case studies.
Consider how these lessons can be applied to your own work.

Read "The Three Box Solution: A Strategy for Leading Innovation"

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Gain a comprehensive understanding of the Three Box Framework and its practical applications from the leading expert in the field.

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Read the book and take notes on the key concepts.
Identify and summarize the main arguments of the book.
Consider how the concepts in the book can be applied to your own work.

Five other activities

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Compile a Resource List on Innovation Tools and Techniques

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Gather and organize a valuable collection of resources to support your innovation efforts.

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Identify and research different innovation tools and techniques.
Compile a list of resources, including websites, articles, books, and software tools.
Categorize and organize the resources for easy access.
Share your compilation with fellow students or colleagues.

Develop a Business Model Canvas

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Create a visual representation of your business model to gain a deeper understanding of its key elements and potential risks.

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Identify the key elements of your business model.
Fill out the Business Model Canvas worksheet.
Analyze your business model for potential risks and opportunities.
Refine your business model based on your analysis.

Facilitate a Group Discussion on Innovation Challenges

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Engage with your peers to discuss and identify common innovation challenges and potential solutions.

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Prepare discussion questions related to innovation challenges.
Facilitate a group discussion, encouraging active participation from all members.
Summarize the key points and insights from the discussion.
Follow up with participants to continue the discussion and explore potential collaborations.

Practice Applying the Three Box Framework

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Sharpen your ability to identify opportunities for innovation and growth within your organization.

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Review the Three Box Framework and its components.
Identify a specific business challenge or opportunity.
Apply the Three Box Framework to analyze the challenge or opportunity.
Develop a plan to address the challenge or opportunity using the Three Box Framework.

Develop an Innovation Pitch

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Put your understanding of the Three Box Framework into practice by creating a persuasive pitch for a new product or service.

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Identify a problem or opportunity that your innovation will address.
Develop a solution that aligns with the Three Box Framework.
Create a compelling pitch that highlights the benefits and potential impact of your innovation.
Rehearse and deliver your pitch to a group of peers or potential investors.

Career center

Learners who complete Developing Breakthrough Innovations with the Three Box Solution will develop knowledge and skills that may be useful to these careers:

Innovation Manager

An Innovation Manager plays a crucial role in driving innovation within an organization, which is essential for staying competitive and successful in today's rapidly changing business landscape. This course, Developing Breakthrough Innovations with the Three Box Solution, offers a comprehensive framework and toolkit to help Innovation Managers effectively manage the present, forget the past, and create the future, leading to successful transformations and business model innovations.

See salaries and explore the career path for Innovation Manager

Strategy Consultant

Strategy Consultants help organizations develop and implement strategies for growth and innovation. This course aligns well with the role of a Strategy Consultant as it provides a structured approach to identifying and developing breakthrough ideas, setting strategic direction, and leveraging core competencies for innovation. It can enhance a Strategy Consultant's ability to guide clients in making informed decisions and driving successful outcomes.

See salaries and explore the career path for Strategy Consultant

Product Manager

Product Managers are responsible for the development and success of products or services, which necessitates a deep understanding of innovation principles. This course offers valuable insights into managing the present, selectively forgetting the past, and creating the future, which are crucial for Product Managers to bring innovative products to market and stay ahead of competition.

See salaries and explore the career path for Product Manager

Business Development Manager

Business Development Managers are focused on identifying new opportunities and developing strategies for growth. This course provides a framework for understanding strategic intent, core competencies, and Box 3 ideation, which are essential for Business Development Managers to explore new markets, forge partnerships, and drive business expansion.

See salaries and explore the career path for Business Development Manager

Marketing Manager

Marketing Managers play a vital role in developing and executing marketing strategies to promote products or services. This course can enhance the skills of Marketing Managers by providing a structured approach to identifying breakthrough ideas, setting strategic direction, and leveraging core competencies for innovative marketing campaigns that drive brand awareness and customer acquisition.

See salaries and explore the career path for Marketing Manager

Operations Manager

Operations Managers oversee the day-to-day operations of an organization, which requires a keen understanding of efficiency and innovation. This course may be beneficial for Operations Managers as it provides insights into managing the present, selectively forgetting the past, and creating the future, enabling them to optimize processes, improve productivity, and drive operational excellence.

See salaries and explore the career path for Operations Manager

Entrepreneur

Entrepreneurs are constantly faced with the challenge of developing and launching innovative products or services. This course provides a valuable framework for Entrepreneurs to understand strategic intent, core competencies, and Box 3 ideation, which are essential for identifying opportunities, developing disruptive solutions, and building successful ventures.

See salaries and explore the career path for Entrepreneur

Venture Capitalist

Venture Capitalists invest in early-stage companies with high growth potential. This course can provide Venture Capitalists with a deeper understanding of the Three Box framework and its application in evaluating investment opportunities. It can help them identify companies with strong strategic intent, core competencies, and the potential to create breakthrough innovations.

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Policy Analyst

Policy Analysts research, analyze, and develop public policies. This course may be helpful for Policy Analysts as it provides insights into strategic intent, core competencies, and Box 3 ideation, enabling them to better understand the complex issues facing society and develop innovative policy solutions that address these challenges.

See salaries and explore the career path for Policy Analyst

Nonprofit Manager

Nonprofit Managers lead organizations dedicated to social or environmental causes. This course can enhance the leadership skills of Nonprofit Managers by providing a framework for understanding strategic intent, core competencies, and Box 3 ideation, enabling them to develop innovative programs, secure funding, and achieve their mission effectively.

See salaries and explore the career path for Nonprofit Manager

Academic Researcher

Academic Researchers conduct original research and contribute to the advancement of knowledge. This course may be beneficial for Academic Researchers as it provides insights into strategic intent, core competencies, and Box 3 ideation, enabling them to identify novel research areas, develop innovative research methodologies, and make significant contributions to their field.

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Management Consultant

Management Consultants provide advice and guidance to organizations on a wide range of business issues. This course can enhance the skills of Management Consultants by providing a framework for understanding strategic intent, core competencies, and Box 3 ideation, enabling them to better serve their clients and help them achieve their business objectives.

See salaries and explore the career path for Management Consultant

Business Analyst

Business Analysts gather and analyze data to identify opportunities for improvement and develop solutions. This course may be helpful for Business Analysts as it provides insights into strategic intent, core competencies, and Box 3 ideation, enabling them to better understand business processes, identify areas for innovation, and contribute to the success of their organizations.

See salaries and explore the career path for Business Analyst

Data Scientist

Data Scientists use data to extract insights and build predictive models. This course may be beneficial for Data Scientists as it provides a framework for understanding strategic intent, core competencies, and Box 3 ideation, enabling them to better understand the business context of their work and develop innovative data-driven solutions that drive business value.

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Software Engineer

Software Engineers design, develop, and maintain software applications. This course may be helpful for Software Engineers as it provides insights into strategic intent, core competencies, and Box 3 ideation, enabling them to better understand the business needs behind software development and contribute to the creation of innovative and user-friendly software solutions.

See salaries and explore the career path for Software Engineer