Long term goals · Growth horizons · Component
Measures per horizon
The distinct standard each horizon is judged by — return on the near one, learning on the middle, optionality on the far.
The deliverable
What it is
Judging every horizon on return kills two of them. Work whose value is learning or optionality will always lose a return comparison it was never designed to win.
Setting different standards is not leniency. Each standard should be demanding in its own terms.
One level in
What it is made of
Each element is a constituent part of the component. Follow one to see the attributes it carries.
Failure tolerance
How much failure is expected and accepted at each distance.
2 attributes: Expected failure rate · What counts as a good failure
Learn
A far horizon where most bets succeed is not exploration. It is safe work that has been relabelled.
The other components in growth horizons
The horizon map
Current initiatives sorted into three horizons: defending the core, building what is next, and keeping options open.
LearnThe allocation
The agreed share of resource going to each horizon, and who signs off on changing it.
Learn