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We have almost come to the end of Module 1 of the Thinkers50 Vijay Govindarajan Breakthrough Innovation with the Three Box Solution video series.
Here are the last two videos of Module 1: Strategy is Innovation:
Video 8: Grameen Bank Example of Box 3 Innovation
Grameen Bank was founded in Bangladesh in 1983 by Dr Muhammed Yunus to tackle the economic trap faced by the rural poor. He took the traditional best practices of leading commercial banks and turned them around, so beginning a micro-finance revolution that has gone on to provide services to over 9 million members – 97% of whom are women – in 81,000 villages.
In 2006 Grameen Bank and Dr Muhammed Yunus were awarded the Nobel Peace Prize “for their efforts through microcredit to create economic and social development from below”.
Grameen Bank continues to be a fine example of Box 3 thinking, as it continues to focus on next practices rather than best practices.
Video 9: Three Levels and Two Application Exercises
In Video 9 VG outlines how this video series can help you introduce new Three Box Solution concepts, frameworks, and ideas into your own organization, and drive positive change.
We hope you have enjoyed Module 1, which is all about understanding the Three Box framework, and we look forward to welcoming you to the start of Module 2: Strategic Intent, next week.
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Three Box Solution Module 1 in progress
Three Box Solution Module 2 to come
Three Box Solution Module 3 to come