The Top 4 Misapplications of the 80/20 Rule - Deepstash

deepstash

Beta

deepstash

Beta

Deepstash brings you key ideas from the most inspiring articles like this one:

Read more efficiently

Save what inspires you

Remember anything

The Top 4 Misapplications of the 80/20 Rule

https://www.lifehack.org/articles/featured/the-top-4-misapplications-of-the-8020-rule.html

lifehack.org

The Top 4 Misapplications of the 80/20 Rule
Eighty percent of the output comes from twenty percent of the input. That is basically a summary of the Pareto Principle, or as it is more commonly known, the 80/20 Rule. The rule comes from Vilfredo Pareto, an Italian economist who noticed that 80% of Italy's wealth was in the hands of 20% of the population.

1

Key Idea

Save all ideas

The Pareto Principle Misapplications

  • Putting inputs and outputs on the same level: Inputs and outputs aren’t the same thing and, therefore, can’t be put into the same pie chart.
  • Using a literal, mathematical interpretation of the rule: The numbers here aren’t that important.
  • Mastering a skill can be one of those areas where the 80/20 advice is faulty: The point of the 80/20 rule is that you should downplay or minimize the inefficient 80% of inputs.
  • Not being able to escape less valuable tasks: Yes, there are some unimportant tasks you still have to do. But you do have control in adjusting where time gets spent.

193 SAVES


VIEW

SIMILAR ARTICLES & IDEAS:

Make Dream a Reality

Make Dream a Reality

A dream is the root of all success, for having a dream does not limit you on what you can do. Successful people allow themselves to lean back and imagine the kind of life that is possible for th...

Keys to Living Without Limits

Clarity. Have a clear vision of your desires and future to help you stay focused on your goals.
Competence. Commit yourself to doing something that enables you to become better at doing the most important things in your field.
Concentration. Persevere, without diversion or distraction, in a straight line toward accomplishing your goals.

Identifying Productivity Constraints

What restraints you from achieving your goals? Are they learned feelings of helplessness? Or are they just simply excuses? Remember, whatever you have learned, you can unlearn. 

If your real goal is to dream big dreams and to live without limits, you can set this as your standard and compare everything that you do against it.

2 more ideas

Gretchen Rubin

“What you do every day matters more than what you do once in a while.”

Gretchen Rubin

One Step Daily

Most people do not stick to their New Year's resolutions because they focus on the entire task.

By just focusing on the daily small steps, one is able to create a successful daily routine.

Keep It Practical

Dial back your goal for the New Year to be a more practical, pragmatic one, and your chances of success will rise dramatically.

Don't be too hard on yourself.

Yes with 30-day Challenges!

  • Define your SMART (specific, measurable, attainable, realistic, time bound) goal.
  • Start small. Add on slightly more and more as you progress.
  • Journal your ...

The Power of 30-day Challenges

  • Helps you reshape your routines, habits, and behaviors.
  • You begin to rewire your mind and subconscious.
  • You build momentum to propel you further and further ahead.
  • You grow bolder and dream bigger than ever before.
  • The more you do, the more you can do.

Most resolutions fail because they are more of a wish than a plan. In fact, roughly 90% of all resolutions fail each year.
Most resolutions fail because they are more of a wish than a plan. In fact, roughly 90% of all resolutions fail each year.