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The 80 20 principle Overview
- 1. Welcome to the 80/20 PrincipleRichard Koch The Secret of Achieving More With Less
- 5. What’s 80/20 principle? Less Effort
- 6. What’s 80/20 principle? Less Effort Gain Much
- 8. IBM 1963
- 9. WHY ?
- 13. WHY ? ● Counterintuitive ● 50/50 Fallacy
- 14. Customers
- 15. Customers
- 16. Customers
- 17. Customers
- 18. Customers
- 19. Students
- 20. ● 20% of their customers made up 80% of their sales. ● 20% of their sales reps made 80% of the company’s sales. ● 20% of their costs resulted in 80% of their expenses. ● 20% of their time created 80% of their productivity. ● 20% of their employees created 80% of their value.
- 21. Time
- 22. What are you ?
- 23. What are you ? Busy?
- 24. What are you ? Busy ? Productive!
- 25. What are you ? ● What are the 20% of your possessions you get the most value from? ● What do you spend 20% of your time doing that gives you 80% of your happiness? ● Who are the 20% of the people you are close to who make you the happiest? ● What are the 20% of the clothes you wear 80% of the time? ● What’s the 20% of the food you eat 80% of the time?
- 26. What are you ? ● You spent less time with the 80% of people you spend time with who only add 20% of the pleasure in your life? ● You got rid of (throw out, sell, donate, etc.) the 80% of the crap you use 20% of the time? ● You got rid of (again, throw out, sell, donate, etc.) of the clothes you wear 20% of the time? ● What are the 20% of your behaviors that cause 80% of the problems in your relationships?
- 28. Books 10 Hours
- 30. Books 10 Hours 100% 2 Hours 80%
- 31. Books 10 Hours 100% 2 Hours 80% 8 Hours 20%
- 32. 20% of choices
- 33. 20% of choices The ones that have a massive impact
- 34. Optimize
- 36. 20% People
- 38. 20% People
- 40. Don’t Be Busy Be Productive
- 41. “Small changes can have huge effects… It all depends when and how the changes are made.” - Malcolm Gladwell
- 42. Thank You
Editor's Notes
- I’ve even written articles about the benefits of waking up before 6:00 AM in the name of productivity. I falsely associated success with being busy. “first to arrive and last to leave.” Being busy became a point of pride.
- 20% of causes, inputs, or effort usually leads to a majority, 80% of the results.
- 80% of what you accomplish in your work results from 20% of the time you devote to it
- 80% of what you accomplish in your work results from 20% of the time you devote to it
- 80% of what you accomplish in your work results from 20% of the time you devote to it
- It was named after its founder, the Italian economist Vilfredo Pareto, back in 1895.
- 80 percent of a computer’s time is spent executing about 20 percent of the operating code. The company immediately rewrote its operating software to make the most used 20 per cent very accessible and user friendly, thus making IBM computers more efficient and faster than competitors’ machines for the majority of applications.
- Why the 80/20 Principle is so important? Whether or not you realise it, this principle applies to your life, to your social world and to your work environment. Good understanding of this principle will give you an exact idea of what is really happening in the world around you.
- Something that is counter-intuitive does not happen in the way you would expect it to: Steering a sailboat is counter-intuitive - you push the tiller the opposite way to the way you want to go
- 80/20 Principle is so valuable is that it is counterintuitive.
- 80/20 Principle is so valuable is that it is counterintuitive.
- 80/20 Principle is so valuable is that it is counterintuitive.
- 20% of their customers made up 80% of their sales. 20% of their sales reps made 80% of the company’s sales. 20% of their costs resulted in 80% of their expenses. 20% of their time created 80% of their productivity. 20% of their employees created 80% of their value.
- 20% of their customers made up 80% of their sales. 20% of their sales reps made 80% of the company’s sales. 20% of their costs resulted in 80% of their expenses. 20% of their time created 80% of their productivity. 20% of their employees created 80% of their value.
- 20% of their customers made up 80% of their sales. 20% of their sales reps made 80% of the company’s sales. 20% of their costs resulted in 80% of their expenses. 20% of their time created 80% of their productivity. 20% of their employees created 80% of their value.
- 20% of their customers made up 80% of their sales
- You probably can recall a few critical turning points in your life that brought you to your current self.
- Find out what you can optimise. To maximise your effectiveness, focus only on what matters most. Analize.
- Find out what you can optimise. To maximise your effectiveness, focus only on what matters most. Analize.
- 20% of People cause 80% of problems in our lives. And, 20% of people are the reason for 80% of our happiness.
- 20% of People cause 80% of problems in our lives. And, 20% of people are the reason for 80% of our happiness.
- 20% of People cause 80% of problems in our lives. And, 20% of people are the reason for 80% of our happiness.
- 20% of People cause 80% of problems in our lives. And, 20% of people are the reason for 80% of our happiness.