This document discusses the 70:20:10 model of learning and development. The model suggests that 70% of learning comes from on-the-job training, 20% comes from interactions with others, and 10% comes from formal education programs. However, the document notes that the model has been misinterpreted by some companies to undervalue classroom training and formal education. It provides additional context about the origins and meanings of the different components to better understand how to apply the principles of the 70:20:10 model.