70/20/10 Model
From Wikipedia, the free encyclopedia
The 70/20/10 Model is a business resource management model pioneered by Eric E. Schmidt.
This model dictates that, to cultivate innovation, employees of a company 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.
[edit] References
The 70 Percent Solution from money.cnn.com
[edit] External links
The 70/20/10 Model is also used as a Learning and Development model, according to the Princeton University Learning Process. 70% of learning & development takes place from real-life and on-the-job experiences, tasks, and problem solving. This is the most important aspect of any learning and development plan. For example, the real learning from a skill acquired in a training program, or from feedback, takes place back on the job when the skill or feedback is applied to a real situation. 20% comes from feedback and from observing and working with role models. 10% of learning and development comes from formal training.
