90/10 Principle

A Principle by Stephen Covey which conceptualize two side of life situation. It stated that 10 percent of life is made up of what happens to us while 90 percent are decided by our reactions and decisions. The 10% are composed of life circumstances which we cannot control like unexpected traffic, terrible reaction from people, or delayed arrival of plane. The other 90% life situation is determined by our actions towards the uncontrolled 10 percent. For Example;

We cannot control people’s reaction, but we can control our action towards them.
We cannot control the weather, but we can control the atmosphere of our mind.
We cannot avoid bad experience, but we can turn them as learning experience.
We cannot avoid failure, but we can optimistically respond to it.

The way we view and react the 10% of what happens to us affects the total 90 % of our life. It’s a matter of how you react to the 10% percent. Don’t let the downbeat 10 percent affect your 90 percent. If you’re late in the office because your friend secretly stole your alarm clock, don’t turn yourself into an enemy mode. Respond in a positive way. Have a little smile/laugh so that the 90% of you and your whole day will not be affected.

By: James Ervis Isaac

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

Friendship Principle

Most people underestimate the power and importance of relationships in regard to business and career. They try to learn the most recent management fad, focus on product quality, or create programs and systems to improve productivity or increase repeat business. These things are helpful, but the real key is relationships. Never underestimate the power of friendship when it comes to doing business. As soon as you understand the way that relationships affect business, you begin to realize that all business relationships are not created equal. Here are the four levels of business relationships:

People Knowledge.Your understanding of people helps build your business. All the product knowledge in the world won’t help someone without people skills. Nor will technical expertise. Nor will the ability to build a brilliantly efficient organization. If individuals don’t possess people skills, they very quickly hit a ceiling in their effectiveness.

Service Skills. Barry J. Gibbons, author of This Indecision Is Final, writes, “Between 70 percent and 90 percent of decisions not to repeat a purchase of anything are not about product or price. They are about some dimension of the service relationship.” How you treat the people with whom you do business really matters, especially in a competitive market. Business Reputation. Writer Howard Hodgson said, “Whatever business you are in, you are in a business of relationships. That’s why your reputation is your greatest asset.”

Personal Friendship.Your friendship with others builds your business. The highest level of business relationships is reached when people like your business, but more important, they like you!

Soundview Executive Book Summaries John C. Maxwell "Winning with People"