Showing posts with label Pareto. Show all posts
Showing posts with label Pareto. Show all posts

Thursday, September 20, 2007

The Pareto Principle

The Pareto Principle states that 20% of your priorities will give you 80% of your results.

The Pareto Principle is also referred to as the 20/80 principle.

For example; 20% of your time produces 80% of your results.

20% of the people control 80% of the wealth.

20% of the products bring in 80% of the profit.

20% of the people contribute 80% of the money.

20% of the people in a group make 80% of the decisions.