Rethinking Valuation So You Don't Miss a Good Deal
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.
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