Strategic Innovation Horizons: Balancing Growth Initiatives PPT
This PPT slide, part of the 120-slide Jumpstart a Better Way to Do Strategy: Best Practices PowerPoint presentation, presents a framework for strategic innovation portfolio quantification, referred to as the "Green Box" model. It categorizes initiatives into 3 distinct horizons: Core, Breakout, and Disruptive. Each horizon represents a different approach to growth and innovation, emphasizing the need for a balanced strategy across these areas.
Horizon 1, labeled as Core, focuses on accelerating existing business capabilities. This approach encourages leveraging current assets to drive innovation, ensuring that foundational strengths are utilized effectively. The goal here is to enhance operational efficiency and maintain market position.
Horizon 2, identified as Breakout, aims to de-risk and accelerate initiatives in adjacent growth areas. This involves exploring opportunities that are somewhat related to the core business, but come with manageable risks. The emphasis is on utilizing existing resources to tap into new markets or product lines without straying too far from the company's established competencies.
Horizon 3, termed Disruptive, is about pursuing groundbreaking innovations that could redefine the market. This horizon requires a different mindset, focusing on high-risk, high-reward opportunities that may not align with current business models. The need for de-risking strategies is highlighted here, as these initiatives can significantly impact the organization’s future.
The visual representation of these horizons suggests a strategic approach to balancing risk and opportunity. It encourages executives to consider where to allocate resources for maximum impact. Overall, this model serves as a guide for organizations aiming to navigate the complexities of innovation while ensuring sustainable growth across various dimensions.
This slide is part of the Jumpstart a Better Way to Do Strategy: Best Practices PowerPoint presentation.
This toolkit was created by former top consultants from McKinsey, Deloitte, and BCG after 1,000+ hours of work.
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