The 80/20 Principle

 

Short Summary 

The 80/20 Principle, also referred to as the Pareto Principle, underpins that 80 percent of results often flow from 20 percent of efforts. As Richard Koch illustrates, almost everything in life, including business, relationships, and productivity, shows imbalance. This would imply that for any given resources, we get more if we focus our resources on the most valuable 20 percent. As one example, business might get 80% of its profits from 20% of the customers, while personal productivity is similarly often the function of a minority of tasks generating the majority of results.