The “Pareto” principle also known
as the 80/20 rule, the law of the vital few, or the principle of factor
sparsity states that, for many events, roughly 80% of the effects come from 20%
of the causes.
Management consultant Joseph M.
Juran suggested the principle and named it after Italian economist Vilfredo
Pareto, who noted the 80/20 connection while at the University of Lausanne in
1896, as published in his first work, Cours d'économie politique. Essentially,
Pareto showed that approximately 80% of the land in Italy was owned by 20% of
the population.
It is an axiom of business
management that "80% of sales come from 20% of clients".
Mathematically, the 80/20 rule is
roughly followed by a power law distribution (also known as a Pareto
distribution) for a particular set of parameters and many natural phenomena
have been shown empirically to exhibit such a distribution.
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| 80/20 Rule |
Personal Success 80/20 Rule. The
80 20 rule is one of the most helpful concepts for life and time management.
Also known as the Pareto Principle, this rule suggests that 20 percent of your
activities will account for 80 percent of your results.
80/20 rule in marketing
The 80/20 rule, also known as the
Pareto Principle, is attributed to the Italian economist, Vilfredo Pareto. Applying
it to the business world, the 80/20 rule suggests that 80% of your company
sales come from 20% of your customers.
80/20 rule in marriage
For anyone new to the "80/20 the rule for relationships," it's the theory that says, in a fairly healthy the relationship you only get 80 percent of what you want. Maybe your partner isn't
a tri-athlete or great at sharing his feelings, but it's okay because of the 80 the percent you do get is really good.
80/20 rule in life
The 80/20 Principle states that
80% of the output or results will come from 20% of the input or action. The
80/20 Principle has historically been most popular in business management situations.
But few people thought to apply the 80/20 Principle to everyday life or the
ramifications it could have.
80/20
rule in fitness
The 80/20 rule is a principle that holds true in many areas and is: Your 80% most significant
results come from 20% of your actions. The rule is often used in companies to
see the 20% of people that make 80% of the difference; this helps to determine
layoffs if and when they need to happen.
80/20 the rule in weight loss
Try this mental shift
to eat better and lose weight. The blogger lost 10 pounds following the
80/20 rule, which involves focusing on eating healthy foods 80 percent of the
time, and less healthy foods the remaining 20 percent.
What are your thoughts?