80 20 rule

Definition:

80 percent of the effects are from 20 percent of the causes.

Example:

Discovery and History:

• Discovered and named after an Italian economist Vilfredo Pareto.
• He developed the principle by observing two scenerios.

80 % of the land in Italy is owned by 20% of its population.

20% of the peapods in his garden contained 80% of peas.

Examples:

We can apply this principle to anything almost all areas.

In Technology:

In Economy:

In Business:

Work Performance:

Customer Service:

In Software:

In Time and Task Management:

Common Examples:

In Mobile:

In Relationships: