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?

LISTEN

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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.

-       Another way to think about strategy is to imagine the future, then “fold the future back to the present,” and then take actions today to create that future.

-       What companies tend to do for strategy is to simply push the present forward.

-       The premise of VG’s Fusion Strategy goes back to the 1980s and the question, “How will information technology affect the world of business and the discipline of management?”

-       Even the though the technology has changed, the essential question is the same.

-       “Datagraphs” track product in use (as opposed to product sold).

-       A “digital twin” is a digital replica of your product (or process).

-       “Tripartite digital twins” integrates three essential digital twins: design, process, and product-as-used.

-       The integration of these tripartite digital twins allow companies to diagnose root causes of problems much faster than traditional companies.

-       VG suggests that “augmented” intelligence is a better term than “artificial” intelligence.

-       Faith communities should thoughtfully consider their goal, and then they should ask themselves whether or not data or AI achieve the goal even more efficiently.

-       Because of their facility with digital technology, the church can serve younger generations very differently.

-       Showing value is the key to motivating people to share their data.

-       Asking great questions is a key leadership trait, and is essentially human.

LINKS MENTIONED

-       Website: Vijay on LinkedIn

-       Book: Fusion Strategy: How Real-Time Data and AI Will Power the Industrial Future (Pre-Order; Amazon)

-       Added Value: Vijay’s Seminars on Fusion Strategy (Feb 6, 7, and 8)

-       Book: The Three-Box Solution: A Strategy for Leading Innovation

-       Book: Vijay’s Amazon Page

-       Website: Jason Jaggard on LinkedIn

-       Website: Novus Global

-       Website: Meta Performance Institute

-       Book: Beyond High Performance: What Great Coaches Know About How the Best Get Better

-       Website: Global Leadership Network