![]() Twenty percent of products or customers usually also account for about 80 percent of an organization’s profits. ![]() Twenty percent of products usually account for about 80 percent of dollar sales value so do 20 percent of customers.This is contrary to what people normally expect.Ĩ0/20 Principle states that there is an inbuilt imbalance between causes and results, inputs and outputs, and effort and reward. Thus for all practical purposes, four-fifths of the effort-a dominant part of it-is largely irrelevant. Taken literally, this means that, for example, 80 percent of what you achieve in your job comes from 20 percent of the time spent. The 80/20 Principle asserts that a minority of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards.Here are my favourite takeaways from reading the 80/20 principle: 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk. But by concentrating on those things that do, we can unlock the enormous potential of the magic 20 percent, and transform our effectiveness in our jobs, our careers, our businesses, and our lives.Ĭonventional wisdom is not to put all your eggs in one basket. The unspoken corollary to the 80/20 principle is that little of what we spend our time on actually counts. The 80/20 Principle shows how we can achieve much more with much less effort, time, and resources, simply by identifying and focusing our efforts on the 20 percent that really counts.
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