![]() ![]() We also elaborate on how you can apply the 80/20 Principle to your personal life (including how to change the way you see and use time, and multiply your achievements, wealth, relationships and happiness).īesides the key ideas outlined in our summary, the book also includes details of how the 80/20 Principle has been conceptualized and applied over the decades. In our complete 12-page summary, we’ve distilled how businesses can apply the Pareto Principle to generate the most money with the least effort and resources (including applications in strategy, cost reduction, sales and marketing, decision-making, negotiation, inventory and project management). In our personal lives, 80% of our achievement comes from 20% of our efforts, 80% of our happiness comes from 20% of our life experiences, and so on. 80% of the value from the employees will also come from 20% of their activities. 80% of these surpluses will be generated by 20% of market segments, 20% of customers, 20% of products and 20% of employees. In any business, 20% of the market players will make 80% of the surpluses or profits. The 80/20 Principle in Business and in Life ![]() When things go unexpectedly well or badly, look for the hidden causes at work. ![]()
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