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Wednesday, April 13, 2011

80 / 20 RULE

The 80 / 20 rule is also known as the Pareto Principle (the law of the vital few).
Generally 80% of the effects come from 20% of the causes, 80% of the wealth is owned by 20% of the nation or 80% of sales come from 20% of the Clients.

Applying this to work, it is about identifying and working on the 20 percent that matters. The 20 percent that would produce 80 percent of the results.

I always ask my staff to focus on those things. It is not just about working smart, it is working smart on the right things....


p/s: my boss thinks it is just an excuse to do less for the same money!

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