Question

Do you think using the 70/20/10 formula applies to leadership development is value added?

Answer 1

Yes, I think using the 70/20/10 formula applied to leadership development is value-added. As leadership development is a continual growth, development, & learning process. The leader is the person who is willing to take on the responsibility by encouraging team members to work effectively in an innovative way. The 70/20/10 formula acts as a positive reinforcer & catalyst for leadership development. The 70/20/10 formula says that 70% learning to come from experience or while doing critical tasks, 20% learning comes from social peers, and 10% learning comes from formal & planned training.
Let's see how this formula add-value to leadership development:
1. This formula encourages leaders to use on-job training methods by motivating team members to learn while performing their job.
2. The 70/20/10 formula encourages leadership programs to adopt critical thinking & innovative approaches for performing jobs.
3. This formula helps to enhance productivity & efficiency of organization, its employees, and leadership trait of an individual, as it focuses more on experience-based learning.
4. This formula helps in leadership development by identifying the pitfalls, hitting the problem spot, learning from mistakes, or crisis, and developing various methods which facilitates Just-In-Time learning.
5. The 70/20/10 formula helps in leadership development by creating self awareness, encourages taking risk, bear potential challenges, and develops effective & instant solutions for problems.
6. This formula helps leadership development by encouraging leaders to adopt informal training methods, because individuals generally gain more insights from his experience than the formal learning.
7. The 70/20/10 formula acts as a motivation factor for leadership development.
8. It is used to amplify the work culture by developing leadership traits in every employee within the organization.

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