Horizon 1 and Horizon 3 are often in conflict with each other.” He gestures at Sarah meaningfully. “Left unchecked, Horizon 1 leaders will consume all the resources of the company. They will note correctly that they are the lifeblood of the company, but that’s only true in the short term. There is an instinct to maximize profitability and take cash out of the business instead of reinvesting it. This is the ‘manage to value’ thesis and is the opposite of ‘manage to growth.’ If you want growth, Steve, you must protect Horizons 2 and 3, and any learnings generated there must be spread throughout
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