1. Innovation Horizons Model Template
The Innovation Horizons Model, also called the three horizons model, is a framework that organizations can use to identify areas for innovation and improvement without losing sight of current performance. This model is useful for driving innovation while preventing the type of organizational stagnation seen in many mature companies. The Innovation Horizons Model operates on the premise that organizations need to innovate and change in order to remain competitive and adapt to the ever-evolving market. To create a horizon strategy, it is typically best to define Horizon 1 first since it’s the closest to today’s reality and provides a snapshot of the current state as it might evolve in the near- term. Following this, your team can define your future vision and goals and identify how these differ from the organization’s current functions. Many strategists believe that the three horizon stages do not occur in succession but that success and business growth results when all three have been applied and executed simultaneously.
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2. Innovation Horizons Model Template
Horizon 1 (Short-Term)
Horizon 2 (Mid-Term)
Horizon 3 (Long-Term)
Scope
Core business
Growth business
Future business
Products / Services
Business Model
Strategic Focus
Competitors
Markets
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