Pareto's law
Friday, November 21, 2008
One of the blog topics I thought worth spinning off from The 4-Hour Workweek was about Pareto's law aka the 80/20 rule - that, for many events, roughly 80% of the effects come from 20% of the causes.
There is no doubting this rule is universally used and should be part of any business person's analytical process as a method of focusing on top priorities where doing little effort will yield the maximum results ... but it shouldn't be the only tool used to review a situation.
As this Lifehack blog wisely notes, there are times, of course, when this rule doesn’t apply. Mastering a skill can be one of those areas where the 80/20 advice is faulty.
Labels: Personal effectiveness
posted by Lee Gale @ 5:50 AM,
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