[ENG] Boost Your Innovation Game with the 70/20/10 Methodology - Learn How AI Can Help! [POR] Aprimore sua Inovação com a Metodologia 70/20/10 - Descubra como a IA pode ajudar!

Boost Your Innovation Game with the 70/20/10 Methodology - Learn How AI Can Help

Are you looking for ways to boost innovation efforts in your workplace? Look no further than the 70/20/10 rule. This methodology can help you allocate your resources, such as your time and effort, towards innovation. Here's how it works:

Divide your resources into three categories based on the type of innovation initiatives you pursue. These categories are core, adjacent, and transformational (or disruptive). Allocate 70% of your resources for core operations and initiatives, 20% for new advancements, and 10% for novel concepts with potential. This rule can also be applied to spread organizational resources between all types of efforts.

Using the 70/20/10 concept can boost innovation efforts at your workplace. It can help you develop an innovative atmosphere, organize your innovation procedures, and handle the innovation portfolio. Investing in the core activities has relatively small long-term returns compared to the 10% investment in disruptive activities. The 10% is what opens new businesses and brings revolutionary ideas.

So how do you implement this rule in practice? Here are some general examples of how a web developer and marketer could allocate their resources:

A web developer could allocate:

  • 70% of their time and effort to core innovations, such as improving the user experience on the website or fixing bugs in the app.
  • 20% of their time and effort to adjacent innovations, such as developing new features for the app or creating integrations with other tools that users use.
  • 10% of their time and effort to disruptive innovations, such as experimenting with new technologies that could revolutionize the way users interact with the product.

A marketer could allocate:

  • 70% of their time and effort to core innovations, such as optimizing the company's SEO strategy or refining the messaging for existing products.
  • 20% of their time and effort to adjacent innovations, such as exploring new marketing channels or developing campaigns for a new market segment.
  • 10% of their time and effort to disruptive innovations, such as testing out new marketing technologies or experimenting with cutting-edge social media strategies.

But what if you need more ideas for your 20% and 10% allocations? That's where AI can help! 

Try these prompts with ChatGPT:

"I'm a [position] working on [projects], using the 70/20/10 rule for innovation. Can you give me 5 new ideas for my 20% and 10%?"

"I want to improve [specific area of focus] in my role as a [job position]. Can you help me create OKRs to achieve this goal?"

"I'm struggling to align my initiatives, tasks, and projects with my OKRs. Can you help me create effective OKRs for my [department name] department?"

"I'm struggling to define key results for my objective to app GTM strategy. Can you give me 10 measurable key results?"

In conclusion, the 70/20/10 rule can help you boost innovation efforts and achieve your goals. To learn more about this methodology and how it can be applied to your work, check out this other post on BovWoW: What is the 70/20/10 Rule?

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