The 80/20 Principle, also known as the Pareto Principle, states that 80% of outcomes result from 20% of causes. This principle, discovered by economist Vilfredo Pareto, highlights the imbalance between inputs and outputs. In various contexts, such as business, personal productivity, and economics, a small proportion of efforts or resources often leads to the majority of results. For example, 20% of customers might generate 80% of a company’s revenue, or 20% of tasks might account for 80% of productivity.
Applying the 80/20 Principle involves identifying the most impactful activities and focusing resources on them to maximize efficiency and effectiveness. This approach helps prioritize efforts, reduce waste, and achieve better results with less effort. By recognizing and leveraging this imbalance, individuals and organizations can optimize their performance and achieve greater success
