We invite you to watch an insightful 60-minute video of Stanford professor Haim Mendelson talking with Dr. Leonard Lane of the Fung Group. The Fung Group traces its origins back more than 100 years, and has successfully embraced changes of many shapes and kinds.
As you listen to their conversation on business model innovations across time, consider how these three concepts might work in tandem:
(1) Aims in view/goal tuning (Innovating Minds, pages 212 – 231).
How does the Fung Group’s three-year (non-rolling) plan allow for a longer-term view and provide for crucial “temporal slack,” with room to experiment and gather feedback?
(2) Motivating exploration and purposefully learning to vary (Innovating Minds, pages 146 – 159).
How does the Fung Group’s new “Explorium” facilitate prototyping and making/finding?
(3) Absorptive capacity (Innovating Minds, pages 181 – 188).
How does the Fung Group’s “70/30 rule” have implications for learning, experimentation, and how they extend what they know—and can do?