The Three Horizons of Purpose-led Growth are: Select the correct option(s) and click submit
Answers
The three Horizons of Purpose-led Growth are given below.
- establishing a digital core
- innovating business models
- shaping purpose-led ecosystems
Three horizons are expected due to the development of a digital-driven company.
1. Build a Digital Core
The first step is to build the foundation. Organizations are beginning to expand their horizons by expanding their digital content into the cloud as a compact digital fabric. They also offer good performance, durability, and flexibility.
2. Test Business Models
The strong digital context and the power it produces sets the path for the next horizon - the business process and the transformation of the business model. Organizations can use the power of digital technology to create integrated, personalized consumer information, paving the way for new business models.
3. Transform and Grow in Natural Purpose Programs
The third dimension is a radical and challenging change. It is about using the ecosystem as a working model to make intentionally driven changes in industry structures.