Tag Archives: Pareto principle

Getting More From Less (Productivity)

Many times we think it is our ability to do so many things that increases our odds to become successful; true as it may seem the results have not been a hundred percent so, in fact not even a twenty percent correct. To think of it is not so difficult, it is all around in our environment, check out people that you know, am sure you will be able to identify two or more people that are so dedicated with whatever it is they do and they end up complaining about how getting through life is difficult, yet there are still few people that seemingly does nothing but get about life effortlessly. I remember back in school days after exam, its that guy that plays around and spend less time reading that ends up with the good grades, while the ones that read there heads off that still struggles with their grade.


THE PRINCIPLE BEHIND THIS
Why do you think a rough estimate of 20% people get 80% of the wealth in a society while the remaining 80% struggle over the remaining 20%? or why 80% of the work is done most time by 20% of the staff in a company? The reason is simple, “Pareto Principle” an Italian economist named Vilfredo Pareto. The rule states that for many events, roughly 80% of the effects come from 20% of the causes.
Where this applies to You
Microsoft noted that by fixing the top 20% most reported bugs, 80% of the errors and crashes would be eliminated, this principle can also be of use in our daily life, if we are able to sieve the less productive thing we spend time on and focus on things that are more productive we automatically can optimize the result of those thing we do that are productive and here-by reduce work load

This principle is one of the secrets of many successful