Vijay Govindarajan

Speaker


Vijay Govindarajan

Strategic Innovation | Globalization | Transformation

We live in an era of constant change, driven by the dynamic forces of technology, globalization, the changing demographics, and shifting customer preferences. What can we do to anticipate and respond to these changes to stay ahead? In his cutting-edge and forward-thinking presentations, bestselling author and innovation and globalization expert Vijay Govindarajan advises senior executives on how to achieve strategic ambitions in a world of constant flux.

Vijay is the Earl C. Daum Professor of International Business at the Tuck School and founding director of Tuck’s Center for Global Leadership. He is the faculty co-director for Global Leadership 2020 (Tuck’s executive education program that focuses on global management), and was the 2009 Professor-in-Residence and Chief Innovation Consultant for General Electric.

He is the author of six bestselling books, including his newest, The Three Box Solution: A Strategy For Leading Innovation, as well as Ten Rules for Strategic Innovators and The Quest for Global Dominance. He writes a column for FastCompany.com, and his articles have also appeared in journals such as Harvard Business Review, Strategy and Business, California Management Review, MIT Sloan Management Review, and Journal of Business Strategy. As well, one of his papers was recognized as one of the ten most-often cited articles in the entire 40-year history of Academy of Management Journal.

Companies he has advised include AT&T, Boeing, British Telecom, Corning, Ford, The Gap, Hewlett-Packard, The Home Depot, IBM, J.P. Morgan Chase, Johnson & Johnson, Kodak, New York Times, PriceWaterhouseCoopers, Sony, and Wal-Mart. He is recognized as one of today’s leading business strategists, called “Outstanding Faculty” in BusinessWeek; “Top Five Most Respected Executive Coaches on Strategy” by Forbes; and “Eight Leading Executive Advisors” by the Wall Street Journal Online.


Three-Box Solution

We now live in an era of constant change, driven by the dynamic forces of technology, globalization, the Internet, changing demographics, and shifting customer preferences. As a result, companies find that their strategies need almost constant redefinition—either because the old assumptions are no longer valid, or because the previous strategy has been imitated and neutralized by competitors. Rooted in these premises, the strategic and organizational challenges become:

  • How do we identify the market discontinuities that could transform our industry?
  • How can we create new growth platforms that exploit new market realities?
  • What are our core competencies and how can we leverage them to generate growth?
  • What new core competencies do we need to build?
  • What organizational DNA will allow us to anticipate and respond to changes on a continual basis?
  • How do we execute breakthrough strategies?

Innovation Execution

Implementing Box 3 breakthrough innovation projects is the triple-flip-with-a-quadruple-twist of general management. No matter how talented and experienced the leader, chances are that this is a new and unfamiliar challenge. VG can help you understand the three fundamental challenges faced by Box 3 strategic experiments, and can offer several specific recommendations to help you overcome them.

Reverse Innovation

In this presentation, VG introduces the idea of developing new business models in emerging markets first – instead of scaling down rich-world products – to unlock a world of opportunities for your business. Stemming from a pivotal article in Harvard Business Review, his reverse innovation presentation offers an important next step for companies looking to derive long-term value from emerging markets. According to VG, “Reverse innovation is a potent force that will transform the global economy over the next few decades. It will redistribute power and wealth to countries and companies who understand it and diminish those who do not.”

VG offers a glimpse at strategies from some of the world’s leading companies – from GE and Deere & Company to P&G and PepsiCo. There is no one industry that needs to reverse innovate; instead, all industries must have interest in the needs and opportunities in the developing world in order to thrive in tomorrow’s global marketplace.

Delivering World-class Healthcare, Affordably

In this presentation, VG explains how innovative Indian hospitals are delivering high-quality healthcare at prices 95% below American hospitals. Although the context is very different in these two countries, there are lessons that U.S. healthcare leaders can learn and apply.

To provide high-quality care at ultra-low costs, private Indian hospitals have adopted three techniques: 1) hub-and-spoke networks; 2) task shifting; and 3) basic frugality. These approaches enable these hospitals to maximize the number of patients served, while benefiting from economies of scale. In the years ahead, U.S. healthcare providers should learn about and consider adopting these principles as they strive to expand access, improve quality, and reduce costs. If U.S. providers don’t change, they actually risk being disrupted by these efficient, low- cost Indian providers.