Trend Following With Michael Covel

This is another one of those great conversations that makes me realize how much trend following is woven into society — even if it’s not called that. The Three Box Solution mindset/plan is the outcome of 35 years of research, teaching, writing, and consulting. It is well-understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. How do you meet the performance requirements of the current business—one that is still thriving—while dramatically reinventing it? How do you foresee a change in your current model before a crisis forces you to abandon it? The three boxes: Box 1: The present—Strengthen the core Box 2: The past— Let go of the practices that fuel the core business but fail the new one Box 3: The future—Invent a new business model The “three box” framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measur