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While there is a lot more to the book than we can cover here, let me spend a little time on what I found to be one of their most interesting strategies. They called it the 70/20/10 Solution.
They actually got the idea for the 70/20/10 Solution from a talk delivered by Eric Schmidt, CEO of Google. In the speech, he shared the classic Silicon Valley mix of spending 70 percent of their time supporting existing products, 20 percent of their time extending their existing products with “sustaining innovations,” and 10 percent of their time working on “wild skunk-works ideas” for new products.
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- People:
- Greg Stuart
- Rex Briggs
- Places:
- United States
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