The 70-20-10 rule can be applied in different industries by allocating resources to different areas of innovation. 70% of resources should be dedicated to core technologies or operations that are already established and generate the most revenue. 20% should be allocated to adjacent areas, which are new areas that are related to the core operations. The remaining 10% should be dedicated to transformational innovation, which involves exploring completely new areas that could potentially bring about significant growth in the future. This allocation allows for a balance between maintaining current operations and exploring new opportunities.
Why do so many perfectly managed companies fail? Inspired by the seminal work of author Clayton Chri...
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