3 Horizons of Innovation
What is it?
The 3 horizons model is a growth framework by McKinsey. It’s a simple 1 page tool to help your team visualise and prioritise your various innovation initiatives, ranging from quick wins through to more radical, long term opportunities.
When to use it?
When setting budgets and planning ahead. It will help to visualise and communicate your innovation plans and goals, including when you can expect to see return on investment, income, or impact.
Read more - How to grow your business by McKinsey