- Shopping Bag ( 0 items )
Mike Goldwater
The 80/20 Principle can and should be used by every intelligent person in their daily life... It can multiply the profitability of corporations and the effectiveness of any organization. It even holds the key to raising the quality and quantity of public services while cutting their cost....The 80/20 Principle asserts that a minotiry of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards. Taken literally, for example, 80 percent of what you achieve in your job comes from 20 percent of the time spent. Thus for all practical purposes, four fifths of the effort -- a dominant part of it -- is largely irrelevant.
Overview
The 80/20 principle is one of the great secrets of highly effective people and organizations.
Did you know, for example, that 20 percent of customers account for 80 percent of revenues? That 20 ...