Also known as the 80-20 rule, the principle says that, in any project, it will take you 20% of effort to achieve 80% of your goal.
The last 20% of your goal will take you 80% of effort.

In sales, it means that 80% of your sales come from 20% of your clients.

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2,032 hits 4.0 (1 vote) Share Favorite | Flag 10 years ago by Abzurd

Do you agree with the Pareto Principle? (see story)
Also known as the 80-20 rule, the principle says that, in any project, it will take you 20% of effort to achieve 80% of your goal.

The last 20% of your goal will take you 80% of effort.

In sales, it means that 80% of your sales come from 20% of your clients.

http://en.wikipedia.org/wiki/Pareto...


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10 yrs ago, 1 mos ago - Saturday 10/20/07 - 11:42:26 AM EST (GMT-5)
Well, I suppose that's a good way to look at it.
But you just put 100% effort in you'll achieve 100% of your goal
10 yrs ago, 1 mos ago - Saturday 10/20/07 - 2:05:16 PM EST (GMT-5)
It makes sense. So yeah.
10 yrs ago, 1 mos ago - Saturday 10/20/07 - 2:07:05 PM EST (GMT-5)
Sure, it does.
10 yrs ago - Saturday 10/20/07 - 8:33:22 PM EST (GMT-5)
On 10/20/2007 11:42:26 AM ang2pang wrote:
Well, I suppose that's a good way to look at it. But you just put 100% effort in you'll achieve 100% of your goal

agreed. But it does explain why a lot of people stop something even though they seem so close to their goal.
10 yrs ago - Sunday 10/21/07 - 8:18:28 PM EST (GMT-5)
That is how college is right now.
10 yrs ago - Sunday 10/21/07 - 11:51:23 PM EST (GMT-5)
Yes, i've always had problems finishing things...
10 yrs ago - Monday 10/22/07 - 9:53:20 PM EST (GMT-5)
On 10/20/2007 11:42:26 AM ang2pang wrote:
Well, I suppose that's a good way to look at it. But you just put 100% effort in you'll achieve 100% of your goal

would be nice. doesn't happen. hasn't for years
10 yrs ago - Tuesday 10/23/07 - 7:12:27 PM EST (GMT-5)
I don't know. I imagine you could substitute any percent in there and people would find it sensible.
10 yrs ago - Wednesday 10/24/07 - 9:34:18 PM EST (GMT-5)
Normally yes, but on my recent computer animation project, it was the opposite; the first 20% took 80% of the time. Then again, the final model sucked.

Usually, that is the case.

10 yrs ago - Thursday 10/25/07 - 2:48:48 PM EST (GMT-5)
I think some studies should test it, but I don't see why it shouldn't be true...
10 yrs ago - Thursday 10/25/07 - 2:53:51 PM EST (GMT-5)
This sounds like that Edison quote:
"Genius is 10% inspiration and 90% perspiration."


10 yrs ago - Saturday 10/27/07 - 5:46:44 PM EST (GMT-5)
On 10/21/2007 8:18:28 PM electric wrote:
That is how college is right now.

Hehe, yes. A rushed essay which takes 20% of the time I should really spend on it tends to get me 80% of my optimum mark. Luckily 80% of my potential gets me through quite nicely, but I have made an oath to put in the extra 80% for my last 2 years.

10 yrs ago - Tuesday 10/30/07 - 2:04:16 PM EST (GMT-5)
"It also applies to a variety of more mundane matters: we wear our 20% most favoured clothes about 80% of the time, we spend 80% of the time with 20% of our acquaintances etc."

Hm, interesting.

9 yrs ago, 11 mos ago - Sunday 12/9/07 - 11:10:17 PM EST (GMT-5)
On 10/30/2007 2:04:17 PM heatherlw wrote:
"It also applies to a variety of more mundane matters: we wear our 20% most favoured clothes about 80% of the time, we spend 80% of the time with 20% of our acquaintances etc." Hm, interesting.

isn't it? but i don't take the number (80-20) too seriously. It's pretty hard to quantify those things.
9 yrs ago, 11 mos ago - Tuesday 12/11/07 - 6:40:16 PM EST (GMT-5)
It most certainly makes sense. I think the Pareto Principle is more psychological than evidence-based, however - whenever concluding a difficult and lengthy project, the last 20% of the project and its finishing touches seems to take 80% of one's effort in attempts to attain total satisfaction from the educator/administrator.
9 yrs ago, 7 mos ago - Thursday 4/17/08 - 11:31:28 AM EST (GMT-5)
On 2007-12-09 23:10:17.48 Abzurd wrote:
but i don't take the number (80-20) too seriously. It's pretty hard to quantify those things.

True, but I think the general idea is a good one.
9 yrs ago, 4 mos ago - Saturday 7/12/08 - 5:00:03 PM EST (GMT-5)
indeed.
9 yrs ago, 2 mos ago - Sunday 9/7/08 - 11:33:35 AM EST (GMT-5)
That's always how it's worked for me.



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