"The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes."
- Pareto Principle, Grow Your Business, Forbes article.
- SixSigma article.
- etc. (google it).
- 80% of a company's profits come from 20% of its customers.
- 80% of a company's complaints come from 20% of its customers.
- 80% of a company's profits come from 20% of the time its staff spend.
- 80% of a company's sales come from 20% of its products.
- 80% of a company's sales are made by 20% of its sales staff.
- 80% of process defects arise from 20% of the process issues.
- 20% of your sales force produces 80% of your company revenues.
- 80% of delays in schedule arise from 20% of the possible causes of the delays.
- 80% of customer complaints arise from 20% of your products or services.
- 80% of lands owned by 20% of population.
- Richest 20% of the world's population controlling 82.7% of the world's income.
- etc...
We should focus more on the 20% of our activities that produce 80% of our happiness & fortunes =)
