Episode Details

SUMMARY

Global Leadership Podcast interviewer Jason Jaggard interviews innovation expert Dr. Vijay Govindarajan on how generative AI and datagraphs impacts organizational strategy, and how leaders can continue to innovate in a rapidly changing context.

IN THIS EPISODE:

- How did VG's grandfather influence his understanding of innovation?

- What is the "Three Box Solution," and how does it affect strategy and innovation?

- What role does imagination play in innovation?

- What is the basic premise of "fusion strategy?"

- What is the difference between "digitals" and "industrials"?

- What is the basic meaning of the terms "datagraphs," "digital twins" and "tripartite"?

- How do fusion strategy concepts translate from industrial and manufacturing sectors to social and/or service sectors?

- How willing does VG think people might be to volunteer their data in faith communities?

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STANDOUTS AND TAKEAWAYS

- The only competition that matters is self-competition; self-competition is about achieving true potential; and to achieve true potential you have to innovate.

- VG does not consider himself a professor; he is "in the impact business."

- The "Three Boxes": (1) manage the present; (2) selectively abandon the past; and (3) create the future.

- Companies think that they are "doing strategy" by working in Box 1, but strategy must also include the other two boxes.

- While you must always work in all three boxes, all three boxes require different mindsets and capabilities.

- Box Two is always the most difficult to work in for corporations, but is really the most important for creating the future.

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