Strategic Horizons for Innovation Management PPT

This PPT slide, part of the 26-slide Dual Innovation Management PowerPoint presentation, presents the "3 Strategic Horizons of Innovation" framework, which categorizes innovation efforts based on their relationship to the core business. It visually divides the horizons into 3 distinct categories: Horizon 1, Horizon 2, and Horizon 3, each representing different levels of innovation and risk. Horizon 1, which encompasses 70% of efforts, focuses on existing business models and is primarily exploitative in nature. This is where organizations refine and enhance current offerings.

Horizon 2, accounting for 20%, serves as a transitional phase. It involves partially new ideas that bridge the existing business with more innovative ventures. This horizon is characterized by both exploitative and exploratory elements, indicating a blend of optimizing current capabilities while also venturing into new territories.

Horizon 3, representing 10%, is dedicated to entirely new concepts and exploration-focused ventures. This area is crucial for long-term growth, as it encourages organizations to innovate beyond their current capabilities and explore new markets or technologies. The arrows labeled "Adapt" and "Scale" suggest strategic actions that can be taken within these horizons, emphasizing the need for flexibility and growth.

The accompanying text clarifies the distinctions between the horizons. H1 is strictly for exploitation, while H2 is a hybrid of both exploitation and exploration. H3 is solely for exploration. This framework is essential for organizations aiming to balance their innovation strategies effectively, ensuring they do not neglect either current operations or future opportunities.

This slide is part of the Dual Innovation Management PowerPoint presentation.

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