Many people spend their days rushing around being busy but achieving very little, because they’re not concentrating their effort on the things that matter the most. This is neatly summed up in the Pareto Principle.
The Pareto Principle, also known as the ’80:20 Rule’, states that 80% of efforts that are not time managed or unfocused generate only 20% of the desired output. However, 80% of the desired output can be generated using only 20% of a well time-managed effort.
Although the ratio ’80:20′ is only arbitrary, it is used to put emphasis on how much is lost or how much can be gained with time management.
- 80% of group value of activities is concentrated in 20% of activities
- 20% of priorities produce 80% of result
- The first 20% of time spent on an activity often produces 80% of the result
- 20% of your employees cause 80% of the problems
- 20% of your customers purchase 80% of offerings
We need to concentrate on results, not on being busy!
How does the Pareto principle apply to you in your work?
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