Pareto's Principle~~ 20/80 Rule. Daily reminder that 20% of your work is really important in any given moment; therefore, focus 80 % of your time, energy and talents that 20 percent. Don't just "work smart", work smart on the “right things”. How It Can Help You.
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Pareto's Principle~~ 20/80 Rule
Daily reminder that 20% of your work is really important in any given moment; therefore, focus 80 % of your time, energy and talents that 20 percent.
Don't just "work smart", work smart on the “right things”.
The original observation was in connection with income and wealth.
Pareto noticed that 20% of the population owned 80% of Italy's wealth.
After Pareto made his observation, he created a formula.
Many others observed similar phenomena in their own areas of expertise.
Quality Management pioneer, Dr. Juran, in the 1930s recognized a Universal Principle he called the “Vital Few & Trivial Many".
As a result, the principle that 20 percent of something always are responsible for 80 percent of the results.
You can apply the 80/20 Rule to almost anything, from the science of management to the physical world.
The principle is reflected in the Human Gestation period. The embryonic period constitutes 20% of the whole, with fetal growth taking up the rest of the time.
20% of carpet accounts for 80% of wear.
20% of the time spent on a project accounts for 80%
of the results.
Sizes of meteorites.
(a few large, many small)
Mundane …We wear our 20% most favorite clothes about 80% of the time.
Perhaps, we spend 80% of the time with 20% of our friends.
United Nations Development Program Report
20% of criminals account for 80% of the crimes!
If we take the ten wealthiest individuals in the world, we see that the top three, Warren Buffett, Carlos Slim Helú, & Bill Gates, own as much as the next seven put together.
20% of time (effort) accounts for 80% of results.
20% of clients are responsible for 80% of sales.
Results Effort
20% of causes are responsible for 80% of consequences.
80% of consequences flow from 20% causes.
Later Late Immediate Early Laggards
Comers Comers
Balk, it Reluctant Embrace, Step Back, Destroy
will not 1st no then + spin, but open, Momentum
work. will try. help others will do it.
come around,
Innovators.