The 80/20 principle states that a minority of causes leads to a majority of results from "summary" of The 80/20 Principle, Expanded and Updated by Richard Koch
The 80/20 principle reveals a compelling truth about the distribution of outcomes in various aspects of life and business. It illustrates that a small fraction of inputs—often as little as 20%—is responsible for a disproportionate amount of outputs, typically around 80%. This concept applies across multiple domains, from economics to personal effectiveness, suggesting that understanding this imbalance can lead to significant improvements in productivity and decision-making. For instance, in sales, it’s common to find that roughly 20% of customers generate 80% of the revenue. Recognizi...
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