Many organizations struggle with falling into the trap of not adapting to the changing environment. One of the many ways I have kept up with innovating is the 70/20/10 rule.
- Concentrate 70% on core business
- Focus 20% on related projects
- Experiment 10% on non related projects
For example, one of Nike’s most popular products started out as a “side project” sitting on an employee’s desk, he says. “The CEO happen to stop by, and now that shoe is a billion-dollar line for them.”
What else? What are your thoughts on creating innovation within your company?
