DESCRIPTION
Organizations undergo different phases of development. Some reach maturity and then decline over time, whereas others just fade away in the startup phase.
A few organizations, however, evade collapse and maintain Growth for years. They accomplish this by allocating dedicated resources, investment, time, and effort into the creation of unique concepts, testing and nurturing those, and ousting defunct products.
This PowerPoint presentation provides a detailed overview of McKinsey 3 Horizons (3H) of Growth model. This strategic framework outlines 3 different horizons (Innovation categories) that should run in parallel for an organization to be successful.
The 3 horizons of Growth include:
Horizon 1 – Defend and extend core businesses
Horizon 2 – Build emerging businesses
Horizon 3 – Create viable options
Organizations must invest in each of these horizons and tackle the specific challenges that accompany them to achieve sustainable long-term Growth. Each horizon is explained in detail in this presentation.
Successful implementation of the McKinsey 3 Horizon model requires a holistic approach. It involves a combination of Strategic Planning, Cultural Transformation, and robust management practices to ensure that an organization effectively balances its Innovation and Growth efforts across the 3 horizons. This deck explains 3-step process to McKinsey 3 Horizons implementation:
1. Develop understanding of the core business.
2. Analyze the environment.
3. Develop and execute plans to create disruptive Value Propositions.
The 3H framework directs the attention of an organization on bolstering its existing portfolio as well as developing future revenue streams and business opportunities. Note that the 3 Horizons framework is not a solution for every situation. Its implementation depends on the organization's industry, objectives, and capabilities.
This PowerPoint presentation on McKinsey 3 Horizons of Growth also includes some slide templates for you to use in your own business presentations.
This presentation not only outlines the McKinsey 3 Horizons of Growth model, but also provides actionable insights on how to effectively implement it within your organization. With practical templates included, you can seamlessly integrate these strategies into your own business practices, ensuring a structured approach to driving innovation and sustainable growth.
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Source: Best Practices in Innovation, Growth Strategy PowerPoint Slides: McKinsey 3 Horizons of Growth PowerPoint (PPTX) Presentation, LearnPPT Consulting
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