In the three horizon framework, what does horizon three symbolize?
- The initiatives you to take to power short-term success
- The initiatives you take to power mid-term success
- The initiatives you take to power long-term success
- The initiatives you choose to omit or de-prioritize
Explanation: The correct answer is The initiatives you take to power long-term success. Within the three horizon framework, horizon three represents the strategic initiatives and investments aimed at shaping the future direction and sustainability of the organization over the long term. These initiatives often involve transformative projects, disruptive innovations, or strategic shifts in response to emerging trends, market dynamics, or evolving customer needs. Horizon three initiatives require a forward-thinking approach and a willingness to explore new possibilities, technologies, or business models that may not yield immediate results but have the potential to create significant value and competitive advantage in the long run. By prioritizing horizon three initiatives, organizations can future-proof their operations, anticipate and adapt to industry disruptions, and position themselves as industry leaders in the years to come. Therefore, the selected answer accurately identifies horizon three as symbolizing the initiatives necessary to power long-term success within the three horizon framework, highlighting their importance in driving strategic innovation and sustainability over an extended timeframe.