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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.
Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Innovation, Growth Strategy PowerPoint Slides: McKinsey 3 Horizons of Growth PowerPoint (PPTX) Presentation, LearnPPT
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ABOUT THE AUTHOR
Additional documents from author: 83
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients clients that range from Fortune 500 companies to startups to $1B+ private companies.
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