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70/20/10 Model
There are two 70/20/10 models in business: education and managing innovation.
70/20/10 in Education
The 70/20/10 Model is a Learning and Development model based on research by Michael M. Lombardo and Robert W. Eichinger for the Center for Creative Leadership.[1] The concept states that development typically begins with realization of a need and motivation to do something about it, and that a blend of different learning approaches "in concert" can provide powerful learning. Lombardo and Eichinger stated that "the odds are that development will be":
- about 70% from on-the-job experiences, tasks, and problem solving.
- about 20% from feedback and from working around good or bad examples of the need.
- about 10% from courses and reading.
Many businesses and learning institutions have embraced this approach; for business example, Creganna-Tactx Medical and for a learning institution see the Princeton University Learning Process [1].
70/20/10 in Managing Innovation
The 70/20/10 Model is a business resource management model pioneered by Eric E. Schmidt and articulated about Google in 2005.[2]
This model dictates that, to cultivate innovation, employees should utilize their time in the following ratio:
- 70% of time should be dedicated to core business tasks.
- 20% of time should be dedicated to projects related to the core business.
- 10% of time should be dedicated to projects unrelated to the core business.
References
- ↑ Lombardo, Michael M. and Robert W. Eichinger (1996) The Career Architect Development Planner. Lominger Limited, Inc. p. iv. ISBN 0965571211.
- ↑ John Battelle (December 1, 2005). "The 70 Percent Solution: Google CEO Eric Schmidt gives us his golden rules for managing innovation". CNN Money magazine. http://money.cnn.com/magazines/business2/business2_archive/2005/12/01/8364616/index.htm. Retrieved August 12, 2011.
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