The 80/20 Principle: The Secret to Achieving More with Less

Mon, 11 Nov 2024 00:00:00 +0000

Look closely at almost any outcome in your life and you’ll find it rests on a thin slice of its causes. Twenty percent of a company’s products bring in 80 percent of its sales. Twenty percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of accidents, and 20 percent of your carpet takes 80 percent of the wear. The exact numbers don’t matter, and they don’t have to add up to 100 — 99/10 or 70/30 would make the same point. What matters is the shape: inputs and outputs are wildly out of balance, and most of your energy is buried in the unproductive majority.

Richard Koch on SummaryShelf

The 80/20 Principle: The Secret to Achieving More with Less