Top 10 Vijay Govindarajan Insights – World Innovation Forum


Taking a slightly different approach than other World Innovation Forum bloggers, I’ve distilled 90 minutes with Vijay Govindarajan down into these Top 10 Insights:

  1. Most companies spend too much time on Box 1 thinking and not enough on Box 2&3 thinking
    • Box 1 is about closing the performance gap and restructuring
    • Box 2&3 are about Closing the Opportunity Gap (projects for 2020) and Renewal

  2. Strategic Intent is about dreaming big (other people call this a BHAG) – not creating a mission statement that nobody reads
  3. Every company needs a growth playbook for three horizons:
    • Horizon 1 – Core Business
    • Horizon 2 – Adjacent Space
    • Horizon 3 – Entirely New Space

  4. Horizon 3 projects are 95% assumptions and Horizon 1 projects are 95% knowledge
  5. People at the top “Think” – People in the middle “Make Sure” – People at the Bottom – “Do” – If you want transformation – You must engage the “Doers” at the bottom
  6. Huge entry barriers to keep competitors out can also prevent you from getting out of the fortress you’ve built when it’s disrupted
  7. Because the message is simple – It does not mean that it is easy to do – The future is now
  8. India and China went from 55% of World GDP to less than 5% because they missed several productivity revolutions
  9. Innovation in emerging markets coming to USA will be hard for American companies to compete against because low margins won’t be attractive
  10. Be the change you want to see in the company – If you get fired for it, find a new company

Finally, I’d like to leave you with a link to a Vijay Govindarajan webinar (Ten Rules for Strategic Innovators) where you can listen to a lot of the content and follow along with many of the slides.

Updated May 24, 2009 – Here are the slides from Vijay Govindarajan’s presentation at the World Innovation Forum:

What do you think?

Braden Kelley (@innovate on Twitter)

Posted in

Braden Kelley

Braden Kelley is a Design Thinking, Innovation and Transformation Consultant, a popular innovation speaker and workshop leader, and helps companies use Human-Centered Change™ to beat the 70% change failure rate. He is the author of Charting Change from Palgrave Macmillan and Stoking Your Innovation Bonfire from John Wiley & Sons. Braden has been advising companies since 1996, while living and working in England, Germany, and the United States. Braden earned his MBA from top-rated London Business School. Follow him on Twitter and Linkedin.

NEVER MISS ANOTHER NEWSLETTER!

Categories

LATEST BLOGS

How to Win in the Disruptive Economy: A New Playbook for Success

By Greg Heist | June 4, 2021

Leo Tilman and Charles Jacoby write in their book Agility: How to Navigate the Unknown and Seize Opportunity in a…

Read More

DEVELOPING A HUMAN-CENTRIC FUTURE-FIT FOCUS

By Janet Sernack | May 18, 2021

In a recent article “Organizing for the future: Nine keys to becoming a future-ready company” McKinsey and Co, suggested that…

Read More

Leave a Comment