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The 80 20 principle11/12/2022 ![]() The 80/20 Rule is like a form of judo for life and work. The 80/20 Rule would suggest that you can clear out your backlog of customer service requests by firing these clients. You may find that the majority of your complaints come from a handful of problem clients. This same strategy can be useful if you practice inversion and look at the sources of your problems. The 80/20 Rule would recommend that the most effective course of action would be to focus exclusively on serving these clients (and on finding others like them) and either stop serving others or let the majority of customers gradually fade away because they account for a small portion of the bottom line. When applied to your life and work, the 80/20 Rule can help you separate “the vital few from the trivial many.” 1įor example, business owners may discover the majority of revenue comes from a handful of important clients. The point is that the majority of the results are driven by a minority of causes. Or, 75 percent of NBA championships are won by 20 percent of the teams. For example, 80 percent of the land in Italy is owned by 20 percent of the people. The 80/20 Rule states that, in any particular domain, a small number of things account for the majority of the results. It’s about being productive on the right things.īut how do you decide what the “right things” are? One of the most trusted approaches is to use the Pareto Principle, which is more commonly known as the 80/20 Rule. In other words, making progress is not just about being productive. Peter Drucker, the well-known management consultant, once encapsulated the idea by writing, “There is nothing so useless as doing efficiently that which should not be done at all.” Effectiveness is about getting the right things done. How do you decide the best way to spend your time? Productivity gurus will often suggest that you focus on being effective rather than being efficient.Įfficiency is about getting more things done. In December 1992, she was awarded the Presidential Medal of Freedom for her efforts, which is the highest civilian award of the United States. She performed volunteer work throughout Africa, South America, and Asia. She spent the next 25 years working tirelessly for UNICEF, the arm of the United Nations that provides food and healthcare to children in war-torn countries. She would perform in television shows or movies just five times during the rest of her life. #The 80 20 principle movie#By the 1960s, she was averaging more than one new film per year and, by everyone’s estimation, she was on a trajectory to be a movie star for decades to come.īut then something funny happened: she stopped acting.ĭespite being in her 30s and at the height of her popularity, Hepburn basically stopped appearing in films after 1967. In 1953, Hepburn became the first actress to win an Academy Award, a Golden Globe Award, and a BAFTA Award for a single performance: her leading role in the romantic comedy Roman Holiday.Įven today, over half a century later, she remains one of just 15 people to earn an “EGOT” by winning all four major entertainment awards: Emmy, Grammy, Oscar, and Tony. #The 80 20 principle how to#When you learn how to systematically apply The 80/20 Principle, you will finally have the power to transcend the pressures of modern life: to become more successful AND to enjoy more leisure, serenity, and great relationships with friends and loved ones.Rising to fame in the 1950s, she was one of the greatest actresses of her era. But by concentrating instead on the few things that do matter, you can unlock the enormous potential of the critical 20 percent and multiply your happiness and fulfillment. The unspoken corollary of the The 80/20 Principle is that little of what you spend your time on actually enriches your life. How the 80/20 principle can multiply your money.How to avoid dooming yourself to life as a wage slave.What the 80/20 Principle can teach you about who to hire.How to make the 80/20 Principle work for you in your job, even when you don’t have total control over your time.The 6 things successful 80/20 practitioners do differently than you.Why “time management” is a counter-productive fallacy.How to give up the guilt of not working as hard as you think you’re supposed to.How to identify the critical 20% in every area of your life.In this thought-provoking and highly informative program, Richard Koch unveils the secrets to how this mysterious but practical principle actually works … how it is affecting your life right now … and how you can start using it to your advantage. The 80/20 Principle - also known as the Pareto principle - is the well-verified observation that in business, economics, and life generally, about 80 percent of all results flow from a mere 20 percent of our efforts. Find your “critical 20%” and transform your time - and life - forever! ![]()
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