Skip to main content

Posts

Showing posts with the label outcome

WHAT IS 80/20 RULE AND, HOW CAN WE CAPITALIZE ON THAT?

What the heck is 80/20 Rule anyway? I have learned something that changes the course of procrastination S o for those unfamiliar with 80/20 rule as known as Pareto Principle, allow me to elucidate it is the law of the vital few or the principle of factor sparsity. It essentially states that roughly 80% of the effects come from 20% of the causes, mindboggling it is right. I was amazed when I first came to know about this. It isn't just some theory on paper that we are supposed to agree, it applies to everything that is happening around us. Here are few instances 80% of the global economy is owned by 20% of its population , same goes for individual countries, don't believe me? let me demonstrate 80% of sales come from 20% of your customers, ever been to a gas station? you will see plenty of vehicles coming for petrol refill as compared to vehicles coming for diesel refill, and of those vehicles coming for diesel refill, most of them are Trucks and Buse...