![]() But by concentrating on those things that do, we can unlock the enormous potential of the magic 20 percent, and transform our effectiveness in our jobs, our careers, our businesses, and our lives. The unspoken corollary to the 80/20 principle is that little of what we spend our time on actually counts. Although the 80/20 principle has long influenced today's business world, author Richard Koch reveals how the principle works and shows how we can use it in a systematic and practical way to vastly increase our effectiveness, and improve our careers and our companies. The 80/20 principle is one of the great secrets of highly effective people and organizations.ĭid you know, for example, that 20 percent of customers account for 80 percent of revenues? That 20 percent of our time accounts for 80 percent of the work we accomplish? The 80/20 Principle shows how we can achieve much more with much less effort, time, and resources, simply by identifying and focusing our efforts on the 20 percent that really counts. ![]() Example: Think about the 20% of your life that brings you the most joy and be creative about ways you can increase the amount of time in that space.How anyone can be more effective with less effort by learning how to identify and leverage the 80/20 principle-the well-known, unpublicized secret that 80 percent of all our results in business and in life stem from a mere 20 percent of our efforts.Use the 80/20 rule to pinpoint where to deepen your focus and where to reduce your focus to exponentially increase the positive outcomes in your life.Use the 80/20 rule broadly to increase your quality of life.Example: At his consulting firm, the author’s colleagues responded to an inundation of client needs by focusing on the most important 20% of issues, which led to improved performance compared to the competition.Time management strategies fill your day with more things to do, while “time revolution” optimizes time by focusing on the 20% of tasks that are the most important in your day.Practice time revolution instead of time management.Example: Someone with many casual friends can increase their personal fulfillment by focusing on fostering relationships with only their closest friends.Just cut out the things that have the least value. The 80/20 Principle shows how we can achieve much more with much less effort, time, and resources, simply by identifying and focusing our efforts on the 20. Unlike in business, there’s no need for solid statistical data to inform the analysis of your personal life.Use 80/20 thinking to make key changes in your personal life.Example: Famous broker Nicholas Barsan earns $1 million annually in commissions because he focuses on pleasing his top repeat clients.Whether it’s marketing, logistics, or HR, examining existing processes and eliminating the least productive tasks can increase output greatly. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |