80/20 Rule All Around - Deepstash
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80/20 Rule All Around

The Pareto Principle could also be observed in almost every industry:

  • In software, 80% of the errors and crashes in a system would be eliminated by fixing the top 20% of the most reported bugs.
  • In sports, 20% of athletes participate in 80% of the big games
  • In business, 20% of the products bring in 80% of the revenue.

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MORE IDEAS ON THIS

Implementing 80/20

Phase I: Self-analysis
Reflect
on where your current focuses are. How do these impact you in different areas in life?

Phase II: Identify the 20 Percent
Link
those good or bad results to the source of your activities.

Phase III: Focus on the Fat Tail
Elimina...

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Why Winners (Almost) Take All

Why Winners (Almost) Take All

In Pareto Principle, the winner takes almost all. The-Winner-Take-All effect happens isn’t because winners are better, smarter, and stronger than everyone else. In fact, most of us started at about the same place. But that tiny little advantage can take a person a long way by compounding effect o...

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Strategies for Keeps

Strategies for Keeps

  • Pick one goal for your business to improve focus and decision-making.
  • Optimise the first item in a funnel that has cascading effect to the entire funnel
  • Work hard to understand the 20% of your customer.
  • Create high margin products that brin...

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Small Improvement Matters

Don’t be discouraged even you are being left behind, as long as you are making a progress, you are already making a difference.

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The Pareto Principle (the 80/20 Rule)

The Pareto Principle (the 80/20 Rule)

It is an idea discovered by an Italian economist. It says that power and wealth is distributed like a reversed hockey stick where a small percentage of the population (20%) owns majority of the wealth (80%). 

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80/20 Rule: Threat or an Opportunity?

80/20 Rule: Threat or an Opportunity?

It is hard to accept the truth that there are inequalities everywhere. But depending on how you see it, the rule could help us filter out unnecessary data, better channel our resources, and make better decision in work and life.

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CURATED FROM

The Pareto Principle

The Pareto Principle

medium.com

7 ideas

·

39.3K reads

CURATED BY

maddoxe

"The key is in not spending time, but in investing it." - Covey

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80/20: Pareto's principle

The Pareto principle states that 20% of your activities (even lesser) deliver 80% results (even more) in almost every area of your life.

3. Apply the 80/20 Rule to Everything

3. Apply the 80/20 Rule to Everything

The Pareto Principle or 80/20 Principle says that 20% of your activities will account for 80% of your results.

Resist the temptation to clear the small tasks first; instead, start your day by asking, “Is this task in the top 20% or bottom 80% of my activities

Use the 80/20 Rule

Use the 80/20 Rule

... to constantly question yourself if your focus, time or money is on the things that generate the majority of the results.

The 80/20 rule, also known as the Pareto Principle states: 80% of the output or results will come from 20% of the input or action. The little things ...

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