Three horizons
Also called: McKinsey Three Horizons
ELI5
A way to balance today's business with tomorrow's growth bets.
Used in conversation
“The three horizons need separate expectations and funding logic.”
Definition
A framework distinguishing improvement of the core, emerging growth businesses and longer-term options.
Here “Three horizons” means: A framework distinguishing improvement of the core, emerging growth businesses and longer-term options.
Pitch context
You will see “Three horizons” in strategy decks, market analyses, business plans and planning workshops when the discussion reaches strategy frameworks & analysis.
Why it matters: It helps a reader interpret strategy frameworks & analysis without confusing the measure, decision, role or evidence being discussed.
Sources & evidence · 5
Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.
- Strategyzer — Business Model Canvas resourcesSupporting source family · practitioner · checked 2026-08-16
- Strategyzer — Value Proposition Canvas resourcesSupporting source family · practitioner · checked 2026-08-16
- LEANSTACK — Lean CanvasSupporting source family · practitioner · checked 2026-08-16
- U.S. Department of Justice Antitrust Division — Herfindahl-Hirschman IndexSupporting source family · primary · checked 2026-08-16
- U.S. Census Bureau — Business and economy dataSupporting source family · primary · checked 2026-08-16