70/20/10 in Managing Innovation
The 70/20/10 Model is a business resource management model pioneered by Eric Schmidt and articulated about Google in 2005.
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.
Read more about this topic: 70/20/10 Model
Famous quotes containing the words managing and/or innovation:
“There is not much less vexation in the government of a private family than in the managing of an entire state.”
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