Banking Innovation NPV Operations 
Harvard Business Review
DECEMBER 2, 2010
Horizon 1 (H1) represents the current core operations of a company that produce the cash flow needed to sustain operations, to meet investor expectations, and to invest in future growth. The two together, NPV + OV, provide an inclusive but not inflated valuation. The 3 Horizons model breaks down strategy into three parts.
Strategy Driven
SEPTEMBER 9, 2011
Many people do not typically think of metrics and accounting as roadblocks to innovation, yet you call these out as potential problem areas. Net present value [NPV] is a case in point. The logic of NPV is to project cash flows into the future and then discount those flows back into today’s dollars at a given cost of capital.
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