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The 80-20 Rule – The Pareto Principle

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The 80-20 Rule – The Pareto Principle

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The 80/20 Rule, or the Pareto Principle, is used for Critical Mistake Analysis and can be used to target training for the critical content of 20% that result in the largest impact of 80%

The 80/20 Rule, or the Pareto Principle, is used for Critical Mistake Analysis and can be used to target training for the critical content of 20% that result in the largest impact of 80%

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  • 1. 80-20 Rule – The Pareto Principle
  • 2.
    • Inherent disparity between:
    • Cause and Outcome
    • Effort and Results
    80 % outcome 20 % cause 80 % Result 20 % Effort
  • 3. The Pareto Principle means, “ Put your efforts where they will make the most difference”
  • 4.
    • A deeper analysis says:
    • 5% of the causes generate 50% of the profits
    • 50% of causes generate only 5% of profit or revenue
  • 5. How to apply 80-20 Rule?
  • 6. The 80-20 Rule can be applied in Time Management and productivity workshops
  • 7. Important concept to plan your Sales achievements
  • 8. 20% of your customers make up 80% of your budget
  • 9. Keep your efforts on the remaining 80% of customers at a "reasonable level"
  • 10. Identify key happiness triggers (20%) and ditch the activities (80%) that provide little or no satisfaction
  • 11. Focus on activities that produce the best outcomes for you, professionally and personally
  • 12. It reduces operating costs Operating costs
  • 13. Helps Bridging the gap
  • 14. Critical Mistake Analysis (CMA) : - a very good application of this rule
  • 15. Critical Mistake Analysis can be used to target training to the critical content (20%) that result in the largest impact (80%)
  • 16. Applications of the 80-20 Principle
  • 17. The 80-20 Rule is used for the growth and development of business
  • 18. Helps identify important problems
  • 19. Go off unused stuff
  • 20. Learn to use the tools you need the most
  • 21. Do away with meaningless activities
  • 22. Concentrate on your strengths
  • 23. The Pareto Principle helps you focus on the biggest bang for your determination
  • 24. To harness the power of the 80-20 Principle in your personal life, do the following
  • 25. Ascertain how things happen
  • 26. Pareto Principle is the Cornerstone of CRM or Loyalty Marketing Strategy
  • 27. Pareto Principle best used as a gross Error Check
  • 28. “ It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome” --William James
  • 29. To read more such articles, please visit blog.commlabindia.com
  • 30.