The McKinsey Model's 'Three Horizons' Do NOT Include

question 27

Multiple Choice

The McKinsey model's 'three horizons' do NOT include:

• A)business ideas: create viable options to convert to emerging businesses
• B)emerging business: to become major future businesses
• C)blue sky business: brainstorm and skunkworks to generate potential viable options
• D)current business: defend and extend

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Definitions:

Occupational Prestige

The collective societal perception of the respect, admiration, or importance associated with a job or career.

Socio-economic Status

A measure of an individual's or group's economic and social position in relation to others, based on income, education, and occupation.

Conspicuous Consumption

The act of buying and using products to make a statement about social status rather than to meet the basic needs.

Closed System

A social system in which status is based on attributes ascribed at birth.