Achieving Balanced Business Growth: A Workshop Template on McKinsey's Three Horizons
Discover how to achieve balanced business growth with this free workshop template, based on McKinsey's Three Horizons framework. Learn to maintain core strength, foster innovation, and explore new opportunities for lasting success.
In today's fast-paced business environment, achieving balanced growth has become increasingly important for long-term success.
Organizations must strike a delicate balance between maintaining a strong core business, fostering innovation, and exploring new opportunities.
The McKinsey Three Horizons framework provides an excellent roadmap for businesses looking to achieve this balance.
This blog post will provide a concise free and fully editable workshop template to help you and your team explore this model and apply its key insights to your organization's growth strategy.
What Is The Three Horizons Model?
Introduction
Organizations must constantly adapt and innovate to maintain a competitive edge in today's rapidly evolving business landscape.
One widely-used approach to help businesses navigate this complex environment is McKinsey's Three Horizons Framework.
This strategic model, pioneered by the renowned management consulting firm McKinsey & Company, provides a structured approach to achieving balanced and sustainable growth by focusing on both short-term performance and long-term innovation.
The three phases include:
Horizon 1
Improve: Focusing on sustaining core business and enhancing operational efficiency
Horizon 2
Transform: Emphasizing emerging opportunities, scaling new initiatives, and driving growth
Horizon 3
Innovate: Fostering radical innovation, exploring disruptive ideas, and shaping the future business landscape.
For further information, explore our additional blog articles and templates related to McKinsey's Three Horizons Framework.
McKinsey's 3 Horizons Framework: Free PowerPoint Template
StrategyPunk
McKinsey Three Horizons of Growth: A Strategic Framework for Business Expansion
StrategyPunk
How to structure a workshop on McKinsey's Three Horizons?
The Three Horizons framework encourages organizations to evaluate their business growth across three distinct horizons: sustaining the core, expanding the boundaries, and exploring the future.
By dividing your focus and resources across these horizons, your organization can maintain a healthy mix of stability and innovation.
Objective
To introduce participants to McKinsey's Three Horizons Model and how it can be used to achieve balanced business growth.
Duration
Half-day (~4 hours)
Agenda
Introduction (30 minutes)
- Welcome and introduction of the facilitator
- Icebreaker activity
- Overview of workshop objectives and agenda
Understanding the Three Horizons Model (1 hour)
- Explanation of the Three Horizons Model and its purpose
- Interactive exercise to illustrate the three horizons
- Discussion on the importance of balancing short-term and long-term growth
Applying the Three Horizons Model to Your Business using the StrategyPunk Workshop Template (1.5 hours)
- Group activity to identify current business initiatives on each horizon
- Discussion on how to allocate resources for each horizon
- Brainstorming on potential new initiatives for each horizon
Action Planning (1.5 hours)
- Participants will develop an action plan on how to apply the Three Horizons Model to their business
- Share-out of action plans and discussion on the next steps
Wrap-Up and Evaluation (30 minutes)
- Recap of key learnings and takeaways
- Evaluation of the workshop
- Closing remarks
Materials Needed:
- StrategyPunk McKinsey's Three Horizons Workshop Presentation slides -> download below
- Whiteboard and markers
- Interactive exercises and group activities materials
Note: The above agenda and the below materials are just a starting point and can be customized to fit the needs of your participants and workshop goals.
Download Our McKinsey 3 Horizons Model Workshop Template
McKinsey 3 Horizons Model Workshop Template
Our workshop template combines the strengths of the McKinsey 3 Horizons Model with the versatility of sticky notes, enabling your team to collaborate and brainstorm effectively.
With customizable slides, clear instructions, and an intuitive layout, you'll be able to dive into your organization's strategic planning with confidence and ease.
Key Features:
- Interactive design for engaging workshops
- Customizable slides to fit your organization's needs
- Clear instructions and examples for seamless facilitation
- Compatible with both digital and physical sticky notes for maximum flexibility
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