Maximizing Personal Development: The Power of 70 20 10 Method
Personal development is an essential aspect of life that requires consistent effort. The ability to enhance one’s skills, knowledge, and experience is critical in attaining career success and personal growth. The 70 20 10 method is a proven approach to personal development that offers an effective way to maximize your potential. In this article, we will dive deep into the concept of the 70 20 10 method and how it can be applied to develop both personally and professionally.
What is the 70 20 10 Method?
The 70 20 10 method is a popular framework for personal development that has gained traction in recent years. The concept stipulates that learning and development come from three sources: experience (70%), exposure (20%), and education (10%). The approach implies that most learning occurs through hands-on experience rather than through formal training or classes.
The concept of the 70 20 10 method is attributed to Morgan McCall, Robert Eichinger and Michael Lombardo, who conducted extensive research on leadership development in the late 1990s. The researchers found that the majority of successful leaders learn from experience rather than formal training. According to the research, 70% of the learning and development occurs on the job, 20% from relationships and exposure to different environments and professional communities, and only 10% from formal training.
To understand the 70 20 10 concept, let’s dive into each component briefly:
– Experience (70%)
Experience is the most significant factor in personal and professional development. It includes the hands-on experience and exposure that comes with practicing and facing challenges. To maximize your potential in this area, you need to engage in various activities related to your field of practice or interest. For example, if you’re in the tech field, you may need to engage in coding projects, solving complex algorithms, or learning new programming languages.
– Exposure (20%)
Exposure refers to the experience gained by working in different environments, interacting with different people and cultures, and participating in professional organizations and communities. Exposure gives you the opportunity to learn from others, share ideas, and develop new relationships. This includes attending conferences, seminars, and workshops. Developing a mentor-mentee relationship can also provide you with guidance and relevant exposure.
– Education (10%)
Education is the formal training or classes, including workshops, seminars, courses, certifications, and conferences. This aspect of personal development is essential, especially if you’re looking for specialized knowledge and skills. However, formal education is just a small part of personal development, as it accounts for only ten percent of the learning process.
Benefits of the 70 20 10 Method
The 70 20 10 method offers several benefits for personal and professional development. These include:
1. Fosters experiential learning: The 70 20 10 method emphasizes learning through experience, which has proven to be effective in developing practical and transferable skills.
2. Encourages continuous learning: Continuous learning is a must in today’s fast-paced world, where technology and skills demand change. The 70 20 10 method emphasizes continuous learning through hands-on experience, exposure, and formal training.
3. Provides a holistic approach to learning and development: The 70 20 10 method encourages a holistic approach to learning and development by integrating hands-on experience, exposure, and formal training.
4. Increases self-awareness: The 70 20 10 method encourages self-reflection, which helps individuals become more aware of their strengths, weaknesses and areas for improvement.
Applying 70 20 10 Method
The 70 20 10 method can be applied in several ways:
1. Learning through Experience: To gain experience, you must engage in various activities in your field of practice or interest. For example, if you’re a writer, you can learn by writing blog posts, books, or working with an editor.
2. Learning through Exposure: You can gain exposure through networking, attending conferences, and participating in professional organizations and communities.
3. Learning through Education: You can gain formal education by enrolling in courses, certifications, and workshops related to your field of practice.
Conclusion
The 70 20 10 method is a proven approach to personal development that encourages continuous learning through hands-on experience, exposure, and formal training. By directing your efforts towards these experiences, you can maximize your potential and achieve outstanding results personally and professionally. Experience is the most significant factor in personal and professional development, accounting for 70% of the learning process. Exposure (20%), and education (10%) are also essential components of the 70 20 10 method, and when combined, they can provide a holistic approach to learning and development.
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