In the late 1800s, economist Vilfredo Pareto established that 80% of the land in Italy was owned by 20% of the population. The Pareto Principle has proven its validity in a number of other areas. In the business world, for example, it has been found that:
80% of the sales/profit come from 20% of the clients or products
80% of the product costs come from 20% of the products
80% of inventory value comes from 20% of the stock
80% of decisions come from 20% of meeting time
80% of your results come from 20% of your efforts
Because they are high-impact, the activities on your Current Goals & Projects list represent 80% of your overall results. Achieving these results will consume approximately 20% of your efforts. Simply stated, if, for every 10 individual actions you take in a given day, two (20%) contribute to the successful completion of your goals and projects, you will realize 80% of your results.
Learn how you can incorporate the Focus Management Process into either the Time/Design Management Planner or into Outlook with our self-paced online training. Click here to learn more.
