Pareto's Law tell as :
,, Understanding the Pareto Principle (The 80/20 Rule)
Understanding the Pareto Principle (The 80/20 Rule)
Originally, the Pareto Principle referred to the observation that 80% of Italy’s wealth belonged to only 20% of the population.
More generally, the Pareto Principle is the observation (not law) that most things in life are not distributed evenly. It can mean all of the following things:
20% of the input creates 80% of the result
20% of the workers produce 80% of the result
20% of the customers create 80% of the revenue
20% of the bugs cause 80% of the crashes
20% of the features cause 80% of the usage
And on and on…So Why Is This Useful?
The Pareto Principle helps you realize that the majority of results come from a minority of inputs. Knowing this, if…
20% of workers contribute 80% of results: Focus on rewarding these employees.
20% of bugs contribute 80% of crashes: Focus on fixing these bugs first.
20% of customers contribute 80% of revenue: Focus on satisfying these customers.
The examples go on. The point is to realize that you can often focus your effort on the 20% that makes a difference, instead of the 80% that doesn’t add much.
In our case: to check the law!
I do not know how many friends do you have in your list of friends, but I CAN tell you this:
Increase number of your friends * Will you see 20% and 20% of friends That - have seen your message!
That number inmultuseste the then again 20% and the number of people get you Will you join your team!
Example: You have 100 friends in your list!
100 * 20% = 20 will see and respond to your message.
20 * 20% = 4 - will join!
Only: Check this out! :)
Identical and Twitter, your email addres
,, Understanding the Pareto Principle (The 80/20 Rule)
Understanding the Pareto Principle (The 80/20 Rule)
Originally, the Pareto Principle referred to the observation that 80% of Italy’s wealth belonged to only 20% of the population.
More generally, the Pareto Principle is the observation (not law) that most things in life are not distributed evenly. It can mean all of the following things:
20% of the input creates 80% of the result
20% of the workers produce 80% of the result
20% of the customers create 80% of the revenue
20% of the bugs cause 80% of the crashes
20% of the features cause 80% of the usage
And on and on…So Why Is This Useful?
The Pareto Principle helps you realize that the majority of results come from a minority of inputs. Knowing this, if…
20% of workers contribute 80% of results: Focus on rewarding these employees.
20% of bugs contribute 80% of crashes: Focus on fixing these bugs first.
20% of customers contribute 80% of revenue: Focus on satisfying these customers.
The examples go on. The point is to realize that you can often focus your effort on the 20% that makes a difference, instead of the 80% that doesn’t add much.
In our case: to check the law!
I do not know how many friends do you have in your list of friends, but I CAN tell you this:
Increase number of your friends * Will you see 20% and 20% of friends That - have seen your message!
That number inmultuseste the then again 20% and the number of people get you Will you join your team!
Example: You have 100 friends in your list!
100 * 20% = 20 will see and respond to your message.
20 * 20% = 4 - will join!
Only: Check this out! :)
Identical and Twitter, your email addres
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