The three box solution

"Leaders already know that innovation calls for a different set of activities, skills, methods, metrics, mind-sets, and leadership approaches-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? Vijay Govindarajan expands…