March 10, 2023

Have you used the Three Horizon Framework?

The Three Horizon Framework is a planning tool created by McKinsey & Company that provides organizations with a holistic structure for developing strategic plans based on short-term, mid-term, and long-term objectives. It has been widely adopted by many businesses, governments, and nonprofits as a powerful way to consider immediate opportunities and potential disruptions in order to maximize success.

What is the Three Horizon Framework?

The Three Horizon Framework is a planning tool designed to help organizations develop strategies and plans based on long-term goals and objectives. It is a holistic process that encourages organizations to focus on the present, plan for the near future, and consider the distant future. The Three Horizon Framework was developed in 1997 by McKinsey & Company, a global management consulting firm. It has since been embraced by business, government, and nonprofit organizations worldwide.

How is the Three Horizon Framework Structured?

The Three Horizon Framework is structured in three phases. The first phase is the present, in which organizations identify the current state of their business and consider immediate opportunities. The second phase is the near future, which is focused on the implementation of strategic initiatives designed to meet long-term goals. The final phase is the distant future, which invites organizations to consider potential possibilities, such as disruptive technology, global trends, and new market opportunities.

Have Organizations Utilized the Three Horizon Framework?

Organizations of all sizes and in many industries have embraced the Three Horizon Framework. For example, the U.S. Department of Defense uses the framework to develop strategies for maintaining their readiness to defend the country. Leadership teams of many Fortune 500 companies have also utilized the framework to identify and prioritize opportunities to pursue. In addition, nonprofit organizations have used the framework to assess their local and global impact. Since its inception, the Three Horizon Framework has become an important tool for organizations looking to plan for the future. It has allowed organizations to gain a better understanding of the environment in which they operate, gain insight into potential disruptions, and develop plans to stay ahead of the competition.

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