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80 20 rule

Tag: 80 20 rule

The 80/20 rule, also known as the Pareto Principle, is a concept that suggests that a small portion of inputs or efforts typically lead to a large portion of outputs or results.

The principle is named after Italian economist Vilfredo Pareto, who observed that approximately 80% of the land in Italy was owned by 20% of the population.
The 80/20 rule can be applied to many different situations and suggests that a small number of causes or factors often have a disproportionate impact on outcomes.
For example, in business, the 80-20 principle might suggest that 80% of a company’s sales come from 20% of its products or customers.

The rule can be a useful tool for identifying areas of focus and making more efficient use of resources.

The 80 20 principle book, Achieve More with Less by Richard Koch (book review)

By Mostafa HosseiniIn Book Review, Business TipsPosted July 16, 2019

Today I'm doing a book review on The 80/20 Principle, The Secret to Achieving More With Less by Richard Koch. I picked up this book on the advice of Tim Ferriss (the guy who wrote The Four Hour Workweek), and it is an absolutely amazing book. It's an absolute must...

Tags: 80 20 business, 80 20 examples, 80 20 rule, 80 20 template, 80/20 principle, Achieve More with Less, apply the 80/20 rule, time management
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