3 Horizons of Growth Template
Concurrently manage current and future opportunities for growth.
Trusted by 65M+ users and leading companies
About the 3 Horizons of Growth template
What is the 3 Horizons of Growth model?
As companies grow, it can be difficult to keep innovating at the same pace. Innovation is often discarded in favor of inertia. To keep up their momentum, organizations have to balance their existing business with potential growth opportunities. That’s where the 3 Horizons framework comes in.
First introduced in The Alchemy of Growth, the 3 Horizons of Growth model helps companies assess potential growth opportunities while finding ways to maintain existing business. C-suite leaders use the 3 Horizons model as a blueprint for investing in current products and services while looking to the future. But its use is not confined to the C-suite. Teams across the organization can make use of the 3 Horizons model to ensure their projects map to the organization’s goals.
What are the 3 Horizons?
The 3 Horizons represent current opportunities, future opportunities that require substantial investment, and ideas for future opportunities that can be used as experiments, pilots, or minority stakes in new businesses.
How do you use the 3 Horizons of Growth template?
Use the 3 Horizons of Growth template when you want to strategically think about your business currently and in the future. The x-axis represents time, but keep in mind that it’s not an indication of what you should be thinking about now vs. later. You should be thinking about all three horizons at the same time. You will always want to cycle between where your business is strong now, which opportunities you believe will be successful in the future, and which opportunities you’d like to explore further.
What are the benefits of the Horizons of Growth model?
Benefit 1 - Take stock of current opportunities. To start, the Horizons of Growth model requires you to make a note of all current opportunities. This exercise helps frame the rest of the model and ensure you’re aligned with your team.
Benefit 2 - Identify future opportunities for investment. The Horizons model empowers you to pinpoint opportunities to maximize cash flow. Use the model to brainstorm with your team and come up with ideas for quick wins.
Benefit 3 - Experiment and iterate. Many C-suite execs use the Horizons of Growth model to find potential areas for experimentation. Those might include research projects, pilot programs, or minority stakes in new business.
When to use the 3 Horizons of Growth model
1. To foster a culture of innovation
2. To create a framework necessary for achieving long-term initiatives
3. To identify opportunities for new business
4. To enhance business analysis and focus on potential challenges
5. To prepare a developmental plan
Get started with this template right now.
Cost-Benefit Analysis Template
Works best for:
Leadership, Decision Making, Strategic Planning
With so many day-to-day decisions to make—and each one feeling high-stakes—it’s easy for all the choices to weigh a business or organization down. You need a systematic way to analyze the risks and rewards. A cost benefit analysis gives you the clarity you need to make smart decisions. This template will let you conduct a CBA to help your team assess the pros and cons of new projects or business proposals—and ultimately help your company preserve your precious time, money, and social capital.
Change Control Process Template
Works best for:
Agile Methodology, Documentation, Product Management
You can predict, research, and plan for every detail of a project to go a certain way—then along comes the unforeseen and modifications are needed. That’s when a change control process comes into play. It helps define the right steps to take, gives stakeholders full visibility, and reduces the chances of errors and disruption. And this template is easy to use and highly effective—for ensuring that proposed changes are reviewed before they’re implemented, and empowering teams to veto changes that might prove unnecessary or disruptive.
PEST Analysis Template
Works best for:
Ideation, Strategic Planning, Business Management
No business operates inside a vacuum, so if you want to succeed, you have to successfully deal with local laws, government regulating bodies, the health of the local economy, social factors like the unemployment rate, average household income, and more. Use the PEST Analysis Template to help you explore how the world impacts your business and how you can work around it.
Presentation Template
Works best for:
Presentations, Education
At some point during your career, you’ll probably have to give a presentation. Presentations typically involve speaking alongside an accompanying slide deck that contains visuals, texts, and graphics to illustrate your topic. Take the stress out of presentation planning by using this presentation template to easily create effective, visually appealing slides. The presentation template can take the pressure off by helping your audience stay focused and engaged. Using simple tools, customize a slide deck, share slides with your team, get feedback, and collaborate.
7S Template
Works best for:
Strategy
The 7S Framework Template stands out as an essential tool for organizations aiming to comprehensively understand their internal dynamics. One of its key benefits is its ability to foster strategic alignment. By visually breaking down the interconnectedness of seven core elements - from strategy to staff - the template enables teams to ensure that their business strategies harmoniously align with their internal capabilities and culture. This alignment not only underscores potential areas of strength but also pinpoints avenues for growth and development, ensuring that an organization moves forward with clarity and cohesion.