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Actionable 80/20 Insight
The
80/20 Principle asserts that 20% of high-performing inputs and
effort usually lead to 80% of outputs and rewards.
Similarly, 80% of low-performing inputs and effort
usually lead to 20% of outputs and rewards. |
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80/20 analysis helps identify
low-value activities that can be
eliminated altogether.
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For instance, status meeting on
Mondays at 9 a.m. are
high-performing in some
companies and low-performing in
others.
Similarly, some slow and
demotivating bureaucratic
procedures produce more damage
than value in many firms.
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Shift from Organic Growth to
Growth 10+
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Play Venturepreneurial
Simulation Games
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If
you create something unseen
before,
prepare to
address challenges
unmet earlier |
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Strategic entrepreneurial
simulation games, such as
InnoBall (Innovation
Brainball) is another powerful
tool that helps achieve great
return on investment and growth
10+. For instance,
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For instance, InnoBall helped an
innovative firm enhance its business model and reduce time to market
by 18 months while helping the firm save US$2 million. |
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