THE 80/20 RULE
Are you
happy?!?
Definition
of '80-20 Rule'
A rule of thumb that states that 80% of
outcomes can be attributed to 20% of the causes for a given event.
In many work environments, over 80% of
job success may be about the ability to develop and sustain relationships, and
the other 20% is skill.
The 80:20 rule can be applied to
anything.
Pareto Principle
Pareto long ago advocated that 80% of
the world’s wealth was controlled by 20% of the world’s population.
Pareto’s theory has been expanded and
proved throughout all aspects of sport, business and life.
v 20% of input (time, resources, efforts, actions)
accounts for 80% of output/outcome (results, rewards, benefits).
v 80% of consequences/effects flow from 20% of
causes.
v 20% of everything you do is responsible for 80% of
your successes.
v 80% of your physical results will come from your
nutrition.
v 20% of your physical results will come from
exercise.
v You wear 20% of your clothes 80% of the time.
v A business earns 80% of its sales from 20% of its
customers.
v You spend 80% of your time with 20% of your
friends.
v You use 20% of your possessions 80% of the time.
Progress means moving resources from low-value
to high-value uses.
GOOD LUCK J
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