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Pareto Rule on Raising Top Performing Leaders
1. PARETO RULE ON RAISING LEADERS WILFREDO PARETO: Swiss Social scientist in 1880s who studied on the unequal distribution of wealth. 80% of work is produced by 20% of the people, 80% of the sales of the organization is from 20% of distributors; 80% of income is earned by 20% of workforce, 80% of work generates 20% of the results, 80% of the marketing effort generates 20% of the marketing results. PRACTICAL EXAMPLE: Maximize use of tools TO EXPLAIN the product and compensation. Use EMAIL to maximize result at minimal effort.
2. RAISING LEADERS: 20% of effort brings in 80% of the sales 20% I what do which generate 80% of the income. Where did my income come from? Who are the 20% people in my team which generated the 80% sales? IT IS THESE HANDFUL OF GUYS WHO GENERATE THE RESULTS. DEXTER YAGER, major distributor for AMWAY, EXAMPLE. Would you recruit quality people or quantity people? ANSWER is BOTH. [1] Some group have developed/ mature leaders, they are important. [2] Train 'not too quality' people to become quality people.
Editor's Notes
PARETO RULE ON RAISING LEADERSWILFREDO PARETO: Swiss Social scientist in 1880s who studied on the unequal distribution of wealth. Where: 80% of the nation's wealth is held by 20% of the population. This may be more skewed in the Philippines, where 95% of the wealth is held by 5% of the population. The 20-80 RULE or more popularly known as PARETO RULE has wide applicatins in social sciences, the economy, management and marketing. Particularly: 80% of work is produced by 20% of the people, 80% of the sales of the organization is from 20% of distributors; that is why: 80% of income is earned by 20% of workforce, 80% of work generates 20% of the results, 80% of the marketing effort generates 20% of the marketing results. PRACTICAL EXAMPLE:Maximize use of tools TO EXPLAIN the product and compensation. Use EMAIL to maximize result at minimal effort. RAISING LEADERS: 20% of effort brings in 80% of the sales, What is the 20% I do which generate 80% of the income? Where did my income come from? Who are the 20% people in my team which generated the 80% sales? IT IS THESE HANDFUL OF GUYS WHO GENERATE THE RESULTS. DEXTER YAGER, major distributor for AMWAY, was asked: IF we remove your millions of downlines, would you be able to re-build your organization. His answer: HE ONLY needs 5key people to re-build the organization overnight. IT ONLY REQUIRES TOTALLY SOLD OUT TO BUILD THE ORGANIZATION. You do not need many people, to make the organization a success.Would you recruit quality people or quantity people? ANSWER is BOTH. [1] Some group have developed/ mature leadrs, they are important. [2] Train 'not too quality' people to become quality people. Our STRATEGY is to ACHIEVE as we DO THE VISION of mentoring, coaching, teaching, develop producers to build up the organization. Help them out, meet with them, train them on how it is done. TAKE ADVANTAGE of the existing materials. 20% of leaders produce 80% of results. BUILD LEADERS who contribute to your long term productivity.