70:20:10 Rule Of Innovation

70:20:10 Rule Of Innovation

Understanding how to innovate successfully at scale can be challenging for companies. Many firms adopt the 70:20:10 model, which allocates 70% of resources to core activities that are tested and low-risk, 20% to adjacent innovations that explore new markets or capabilities, and 10% to disruptive innovations that create something entirely new. However, it's important to remember that the model is not rigid and can be adapted to fit a company's specific context and risk appetite. Additionally, successful innovation managers will build a balanced portfolio across core, adjacent, and disruptive opportunities and ensure their organizations support a sustainable resource allocation to innovate.

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More Innovation Resources:

Using the Three Horizons Model for Balanced Innovation Portfolios

Innovation portfolios are necessary for business continuity and sustainability. The Three Horizons Model helps prioritize focus and resources across three defined horizons.

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To Truly Disrupt Your Industry, You Can’t Go It Alone

GE Power is on a mission to transform the power industry by collaborating with customers and competitors in co-innovation initiatives, as well as exploring cross-industry innovation. This interview with Hao Dinh, an intrapreneur spearheading GE Power's innovation initiative, explains how the company is partnering with customers to achieve meaningful change.

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Prezi for Beginners – Guest Post by Lesley Heizman

Prezi is a presentation tool that eliminates slides and allows you to create a visual journey of your ideas.

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