AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Richard koch 80 20 principle12/29/2023 ![]() ![]() However, note that the 80/20 principle is an approximation, and indeed the ratio does not always add up to 100%. A majority that has only a small impact.A minority that has a great impact on results.The causes can be divided into two categories, which generate the 80/20 division: This event happens because not every cause influences equally the results. This phenomenon is known as the 80/20 principle: about 80% of the results are produced by 20% of the efforts. Or, 20% of a company's product range represents 80% of its profits. Most of the world's wealth, about 80 percent, is concentrated in only 20 percent of the population. In fact, only 20% of drivers cause 80% of accidents. You may have already realized that the relationship between work and result is not balanced, meaning most work does not necessarily generate most of the results. Overview: Most Results Are Generated by Only a Small Part of the Work Simplify and reduce the complexity of your business to succeed.ĭownload the "The 80/20 Principle" Book Summary in PDF for freeĭo you have no time to read now? Then download the free PDF and read wherever and whenever you want:.The 80/20 principle has the power to increase the company's profits.The 80/20 principle can help you improve your work process, for best results. ![]()
0 Comments
Read More
Leave a Reply. |