« How to Create Dysfunctional Teams | Main | Abramoff, Business Ethics, and Peter Drucker on Decision-Making »

Vijay Govindarajan on Strategy & Getting a Global Mindset

Where American education excels is in critical thinking, imagination, creativity and unstructured problem solving. People from India, and also China and Japan, have the basic skills drilled into them, “and when they acquire the knowledge taught at American business schools, the combination is dynamite.”

That's Vijay Govindarajan (VG) explaining how East meets West and increasingly how West will have to meet the East.

Govindarajan has taught more than 3,000 students in his 20-year career at Tuck, and he has specific advice for the area's high school students: “Learn languages, they open up your mind to different possibilities. Take courses in public speaking to build your level of confidence. Really focus on education, especially science, math and technology, and travel,” he said.

Is travel education? VG seems to think it is.

Read this article and listen to this audio interview on strategy.

Note his Box 1-2-3 freamework. According to VG, strategy is a competition for the future, not the present.

Box 1: Manage the Present
Box 2: Selectively Forget the Past
Box 3: Create the Future

Most companies are stuck in the present- Box 1. They spend their time in Box 1 and think they're doing strategy.

It's about continuous improvement (linear performance) vs. breakout performance (non-linear). Listen to his example about Hasbro- the family entertainment company. Who has time to play Monopoly for a half a day?

Again, listen to this interview. What happens when children go older younger- a non-linear shift in Hasbro's market. By focusing on the tweens- learn how Hasbro creates a whole new business with Video Now... Box-3 thinking.

Roots and chains... Fertilize your roots, but break your chains.

Nice language from VG. But how do you re-invent Monopoly?

What about Kodak? VG tells us why Nokia and HP are the biggest player in digital cameras.

How can companies succeed in strategic innovation? See Ten Rules for Strategic Innovators: From Idea to Execution >>

TrackBack

TrackBack URL for this entry:
http://www.christiansarkar.com/cgi-bin/mt/mt-t.cgi/219

Listed below are links to weblogs that reference Vijay Govindarajan on Strategy & Getting a Global Mindset:

» Abramoff, Business Ethics, and Peter Drucker on Decision-Making from ChristianSarkar.com
Find me an honest politician, and I will spare this world. We looked everywhere, but could not find an honest politician. I'm kidding here, but just barely. "Abramoff is the central figure in what could become the biggest congressional corruption... [Read More]

» Chris Trimble: Building Innovation Ecosystems from ChristianSarkar.com
The rate at which new ideas are generated is directly related to the effort invested in enriching social networks. Says Chris Trimble in his Fast Company column: "Entrepreneurs believe in the power of networking. Many are very good at it.... [Read More]

Comments

VG's problem has been marketing.

He has been saying these things for some time now. Thank goodness his voice is fianlly being heard.

Gautam Ghosh has a post about VG's new prominence after the passing of Peter Drucker at http://gauteg.blogspot.com/2005/12/biggest-gurus-of-management_02.html

Great interview with VG. Thanks for sharing the link!

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)