The 80/20 principle, also known as the Pareto Principle, posits that roughly 80% of effects come from 20% of causes. This concept can be applied across various domains, such as business, productivity, and economics. For instance, in a sales context, it often means that 80% of a company’s revenue is generated by just 20% of its customers. By identifying and focusing on these key contributors, individuals and organizations can optimize their efforts and resources, enhancing efficiency and effectiveness. This principle encourages a mindset of prioritization, urging people to concentrate on the most impactful activities to achieve better results with less effort.
the 80/ 20 principles
