Google Reveals Its Product Formula
February 10, 2005 Leave a comment
Google executives attempted to demystify the search company's product decisions during presentations with Wall Street analysts yesterday. From the article:
Google is striving to split its product investments three ways, following a formula of “70-20-10,” Schmidt told analysts gathered at the company's Mountain View, Calif. headquarters.
Seventy percent would target its core search and advertising products, while 20 percent would focus on adjacent products, such as its newer desktop and product search services.
The final 10 percent would center on the most experimental products, those “things that are truly interesting to us,”
An interesting formula, and something along the lines of how we spend our time on LQ if I had to guess. The bottom line is that when a company this successful gives you tips on how they are operating, you should listen. closely.