Most problems are caused by a small number of factors from "summary" of The 80/20 Principle by Richard Koch
The crux of the matter is this: a small number of factors typically cause the majority of problems. This ratio is not exact, but it is remarkably consistent across a wide range of situations. It can be observed in business, personal life, and society as a whole. In essence, the 80/20 Principle asserts that around 80% of problems can be traced back to just 20% of the causes. This principle is not just a random observation; it is deeply rooted in the nature of things. The world is inherently uneven and unbalanced, with a few vital factors exerting a disproportionate influence on outcomes. This imbalance is not a flaw to be corrected but a fundamental reality to be understood and leveraged. By focusing on the critical few factors that drive most problems, we can achieve significant leverage in solving them. Rather than spreading our efforts thinly across...
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