Strategy is Innovation: How the Leaders of Tomorrow Create the Future

Tuck School of Business at Dartmouth

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Tuck School of Business at Dartmouth

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About the course

This course is developed based on Prof. Vijay Govindarajan’s framework for Leading Innovation using the 3 Box Solution Model.

Companies large and small are seeking non-linear growth and hence driving innovation has become a priority.Yet, many companies struggle to bring their big ideas to life. This is because the real innovation challenge lies beyond just the idea, in the long journey from imagination to business impact.

In this course participants understand how to manage the competing demands of running today’s business while creating tomorrow’s. In particular, the course is designed to allow participants to gain knowledge, insight, and analytical skills and apply the 3-Box Framework for Leading Innovation,which includes:

a) Managing the Present:

– Core Competencies – Concept of Business Model – Dominant Logic

b) Selectively Forgetting the Past

c) Creating the Future:

– Strategic Intent – Next Practices – Innovation Execution

SYLLABUS

Module 1 – Strategy Is Innovation

Framework

  • Introduction to 3-Box Framework
  • Good Examples of 3-Box Thinking
  • Bad Examples of 3-Box Thinking
  • Strategic Balance and Examples

Application

  • 3-Box Time Allocation to Your Company
  • Evaluate Box 2 and 3 Frameworks for Your Company and Industry

Module 2 - Strategic Intent and Core Competencies

Pre-Work

a) Watch: Apollo 13 movie

Framework

  • Strategy Architecture and Strategic Intent
  • Strategic Intent – Apollo Program and Marathon Race
  • Core Competencies and Honda Example

Application

  • Create and Evaluate Your Company’s Statement of Strategic Intent
  • Evaluate Your Company’s Core Competencies

Module 3 - Ideation

Framework

  • Reverse Innovation – Introduction
  • Example of Reverse Innovation – GE Healthcare, Narayana Hridayalaya, Artificial Leg, $300 House
  • How to Select Box 3 Ideas
  • How to Scope Each Idea

Application

  • Generating Box 3 Ideas – Non-Linear Shifts and Weak Signals
  • Selection of Box 3 Ideas
  • Scoping out Selected Ideas
  • Box 3 Idea’s Potential in New Markets
  • Modifications to Serve New Markets

Module 4 - Innovation Execution

Framework

  • Understanding Innovation Execution & Challenges
  • Overcoming the 6 Innovation Challenges
  • Critical Assumptions
  • Designing Innovation Experiments
  • Avoiding Common Errors

Application

  • Applying the 6 Challenges Framework to Your Innovation Idea
  • Identifying Critical Assumptions

LEARNING EXPERIENCE

Emeritus follows a unique online model. This model has ensured that nearly 90 percent of our learners complete their course.

Orientation Week

The first week is orientation week. During this week you will be introduced to the other participants in the class from across the world. You will also learn how to use the learning platform and other learning tools provided.

Weekly Goals

On other weeks, you have learning goals set for the week. The goals would include watching the video lectures and completing the assignments. All assignments have weekly deadlines.

Recorded Video Lectures

The recorded video lectures are by faculty from the collaborating university.

Live Webinars

Every few weeks, there are live webinars conducted by Emeritus course leaders. Course leaders are highly-experienced industry practitioners who contextualize the video lectures and assist with questions you may have regarding your assignments. Live webinars are usually conducted between 1 pm and 3 pm UTC on Tuesdays and Wednesdays.

Clarifying Doubts

In addition to the live webinars, for some courses, the course leaders conduct Office Hours, which are webinar sessions that are open to all learners. During Office Hours, learners ask questions and course leaders respond. These are usually conducted every alternate week to help participants clarify their doubts pertaining to the content.

Follow-Up

The Emeritus Program Support team members will follow up and assist over email and via phone calls with learners who are unable to submit their assignments on time.

Continued Course Access

You will continue to have access to the course videos and learning material for up to 12 months from the course start date.

Assignments/Application Projects

Assignments are given out weekly and they are based on the lectures or tutorials provided. They need to be completed and submitted as per the deadline for grading purposes. Extensions may be provided based on a request sent to the support team.

Discussion Boards

It is an open forum where participants pin their opinions or thoughts regarding the topic under discussion.

Case Studies

These are real world scenario-based assignments involving an up-close, in-depth, and detailed examination of a subject of study, as well as its related contextual conditions.

Emeritus Program Support Team

If at any point in the course you need tech, content or academic support, you can email program support and you will typically receive a response within 24 working hours or less.

Device Support

You can access Emeritus courses on tablets, phones and laptops. You will require a high-speed internet connection.

Emeritus Network

On completing the course you join a global community of 5000+ learners on the Emeritus Network. The Network allows you to connect with Emeritus past participants across the world.

BENEFITS TO THE LEARNER

Career capital

  • Professional acceleration through our enriched leadership toolkit
  • Learn while you earn
  • Get noticed. Get ahead.

Social Capital

  • Build new networks through peer interaction
  • Benefit from diverse class profiles

Brand Capital

  • Certificate from Emeritus in collaboration with Tuck School of Business At Dartmouth

Intellectual Capital

  • Global Business Education
  • Rigorous and experiential curriculum
  • World-renowned faculty
  • Globally connected classroom: peer to peer learning circles
  • Action learning: learning by doing

Experts

Vijay Govindarajan

Vijay Govindarajan, known as VG, is widely regarded as one of the world’s leading experts on strategy and innovation. VG was the first Professor in Residence and Chief Innovation Consultant at General Electric. He worked with GE’s CEO Jeff Immelt to write “How GE is Disrupting Itself”, the Harvar...

Videos and materials

Strategy is Innovation: How the Leaders of Tomorrow Create the Future at Tuck School of Business at Dartmouth

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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