In the world of corporate training and restructuring, there is a lot of focus now on lean innovation management, a process where innovation can take place with minimum time lag. An idea my management consulting experts tiled “three horizons of innovation” has emerged. Horizon 1 talks about established businesses, 2 includes fast growing ones and 3 involves only emerging businesses. It is at stage 3 that greatest innovation take place in shortest time period. Horizon 2 is about extension while 1 is about keeping existing processes functioning smoothly. The brand value too differs with maximum knowledge at horizon 1 but lesser at 2 and almost non-existent at 3 where the organization is seen as a disruptor. Matrix management becomes crucial at 3 but also technological shortcuts are taken often leading to technological debt. Ultimately, innovation can only work practically if the entire organization is up to it.

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