Pareto Principle
Identify the 20% of tasks that bring 80% of results.
Eliminate or delegate low-value activities to maximize productivity and free up time.
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Similar ideas to Pareto Principle
12. Being Busy Instead of Effective
Busy time doesn’t bring you closer to your goals, making you feel anxious and unsettled - maximize the productive time.
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The Pareto Principle
... or the 80/20 principle was coined in the early 1900s by Vilfredo Pareto, an Italian economist. He observed that the pea pods in his garden were producing peas at this rate. 20 percent of the pea pods produced 80 percent of the peas. This output was then observed by him on a larger sc...
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.
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