3 HORIZONS OF INNOVATION

I want to create a balanced portfolio of innovation projects  to deliver both quick wins and longer term growth 

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 you and your team are setting budgets, planning ahead and thinking about what projects you’ll undertake in the future. Or when you’re creating an innovation pipeline and roadmap from scratch. This tool will help to visualise and communicate your team’s grand innovation plan and the goals for that plan over time – including when you can expect to see return on investment, income, or impact.