How to increase efficiency: Pareto rule

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How to increase efficiency: Pareto rule
How to increase efficiency: Pareto rule

Video: Improve Your Productivity With the 80/20 Rule 2024, May

Video: Improve Your Productivity With the 80/20 Rule 2024, May
Anonim

The "Pareto Rule" is an opportunity to get the maximum result with the minimum expenditure of energy and to increase the efficiency at times in absolutely any business. This is an effective methodology for conducting an effective business.

The main idea laid down in the law, discovered back in the 19th century by economist Vilfredo Pareto - with any action, if you use only 20% of the effort, you can get as much as 80% of the result and profit. And, on the contrary, with 80% return, only 20% of the expected result will be able to get. From this it follows that for the successful completion of the work, only the most important actions need to be done, while the efforts made after the main ones will bring minimal effectiveness. For success in any business, it is important to identify key points, the most favorable conditions and the most important resources that can give a significant share of success.