Pareto 80/20 Principle

Italian economist Vilfredo Pareto discovered 80/20 Principle in 1897. It was called by many names including the Pareto Principle, Pareto Law, 80/20 Rule, Principle of Least effort and Principle of Imbalance.

80/20 principle stated that 80% of results is generated by 20% of efforts. Whether in business, society, government, or personal this rule is a practical means to accomplish more with less effort by working on the top 20 percent to generate the 80 percent of result. For example:

Top 20 percent of job priorities produces the 80 percent of job result.
Top 20 percent of product brings 80 percent of the profit.
Top 20 percent members influence 80 percent of the group.
Top 20 percent of life decisions affect 80 percent of our lives.
Top 20 percent of book contains 80 percent of the content.

All we need to do is to identify and prioritize the top 20 percent to have an 80 percent upshot. Pareto Principle can assist you organize and manage your time, money, energy, and efforts to generate majority of outcome.

By: James Ervis Isaac