What is the Three Horizons Model and how can it be applied in a b

The Three Horizons Model is a strategy tool that helps businesses plan for long-term growth by categorizing and prioritizing their initiatives into three horizons based on their time frames and potential returns. Horizon 1 focuses on improving current operations and business models. Horizon 2 is about developing new opportunities that could potentially replace current operations. Horizon 3 is about creating future business opportunities. In a business setting, it can be applied by identifying and categorizing initiatives into these three horizons, and then allocating resources and efforts accordingly.

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Growth Strategy Toolbox

Has your business growth reached a plateau? Use our Growth Strategy Toolbox to test, execute, and share new growth strategies across the team. Compani...

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The template includes slides on growth tools like the BCG Growth-Share Matrix, a Blue Ocean Canvas, Growth Spending, Balanced Scorecard for Growth, the Three Horizons Model, Industry Lifecycle Analysis, Financial Project, Growth Roadmap, Industry Attractiveness, and an Opportunity Vulnerability Matrix, and many more. Additionally, we explain how a product company like Apple could assess its own growth potential with the tools in this framework.

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How can these tools help a company identify new opportunities for growth?

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These tools can help a company identify new opportunities for growth by providing a structured approach to analyze various aspects of the business. For instance, the BCG Growth-Share Matrix can help in portfolio management, identifying high-growth prospects. The Blue Ocean Canvas can assist in identifying uncontested market spaces. Growth Spending can help in understanding where to allocate resources for maximum growth. The Balanced Scorecard for Growth can provide a balanced view of the organization's performance. The Three Horizons Model can help in long-term planning. Industry Lifecycle Analysis can assist in understanding the maturity of the industry. Financial Project can help in assessing the financial viability of growth projects. The Growth Roadmap can provide a clear path for growth. Industry Attractiveness can help in identifying attractive industries for expansion. The Opportunity Vulnerability Matrix can assist in understanding the risks and opportunities in the market.

How can these tools help a company align its growth strategy with its overall business goals?

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These tools can help a company align its growth strategy with its overall business goals by providing a structured approach to analyze and plan for growth. The BCG Growth-Share Matrix, for instance, can help in portfolio management, identifying where to invest or divest. The Blue Ocean Canvas can assist in identifying new market spaces. The Balanced Scorecard for Growth can help in performance measurement, and the Three Horizons Model can aid in planning for short, medium, and long-term growth. The Industry Lifecycle Analysis, Financial Project, Growth Roadmap, Industry Attractiveness, and Opportunity Vulnerability Matrix can all contribute to a comprehensive understanding of the company's position and potential for growth.

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What is the Three Horizons Model and how can it be applied in a business setting?

Growth Strategy Toolbox

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