THE 80/20 PRINCIPLE BOOK SUMMARY — PDF DOWNLOAD
The book also with 80/20 Principle Summary pdf link to download the book. The book 80/20 Principle is written by Richard Koch with a moto to make the times more productive and useful.
Have you ever been interested in becoming more productive or managing your time better? Then you’ve most likely come across the Pareto Principle before, also known as the 80/20 Principal.
The Pareto Principle states that in any situation, 20% of the inputs or activities, are responsible for 80% of the outputs or results and I’ll explain what that means in a second.
The Principe was named after an Italian Economist, Vilfredo Pareto. He first observed this law in his own garden. What he noticed was that 20% of the Pea Pods generated 80% of the healthy peas.
This observation led him to discover that 80% of the land in Italy was owned by just 20% of the population and we can even see this concept everywhere in our daily lives.
For Example: You wear 20% of your clothes 80% of the time.
In a book, 20% of its pages contain 80% of the most important information.
20% of the company’s customers, Produce 80% of the company’s revenue.
That means that the other 80% is only generating 20% of the results. However, you should note that this is not a universal law, and it can differ in many situations.
It’s not always going to be 80/20, it could be 70/30, 90/10 basically anything. The point is that the majority of results come from a minority of causes. In the minority of results come from the majority of causes.
Now that we’ve established that this principle does indeed hold true, let’s take a look at how you can use it in your everyday life.
There’s a difference between being busy and being productive. Most people think that working more hours will get them more results. However it’s not about the time you put in, it’s about how well you spend that time.
Let’s say it takes you 10 hours to read 100% of that book. By applying the Pareto principle you know that 80% of the most important information can be found in just 2 hours.
If you’re still, in school, you can also take advantage of the 80/20 rule.
The exams never contain 100% of the content. It contains…..
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Originally published at https://www.businessinsane.com.
