Difference between revisions of "Effectiveness: Use Pareto Principle to focus priorities"
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The modern application of the Pareto Principle holds that 80 percent of the benefit is generated by 20 percent of our actions. Embracing the 80/20 principle means continually asking, “Of all the tasks we could be doing, where should we best spend our time, if our goal is to reap as much benefit as possible from our limited resources?” | The modern application of the Pareto Principle holds that 80 percent of the benefit is generated by 20 percent of our actions. Embracing the 80/20 principle means continually asking, “Of all the tasks we could be doing, where should we best spend our time, if our goal is to reap as much benefit as possible from our limited resources?” | ||
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{{Terry Gardiner}} | {{Terry Gardiner}} | ||
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|title=Effectiveness: Use Pareto Principle to focus priorities | Bestpracticeswiki.net | |||
|keywords= Pareto's Law, Pareto Principle, best practices to focus priorities | |||
|description=Using Pareto's Law and Principle to focus on the right priorities. | |||
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Latest revision as of 14:21, 16 July 2015
The modern application of the Pareto Principle holds that 80 percent of the benefit is generated by 20 percent of our actions. Embracing the 80/20 principle means continually asking, “Of all the tasks we could be doing, where should we best spend our time, if our goal is to reap as much benefit as possible from our limited resources?”
Related Best Practices
Resources
- More in depth history on Wikipedia on Pareto Principle
- David Lavinsky writes at Forbes Magazine about Pareto Principle, Pareto Principle: How To Use It To Dramatically Grow Your Business
- Bryan Eisenberg writes at ClickZ about Pareto Principle, "The Pareto Principle: Applying the 80/20 Rule to Your Business" focused on application to E-business
Author
The author of this page is Terry Gardiner
Terry Gardiner is the founder and President of Silver Lining Seafoods and NorQuest Seafoods - a medium-size Alaska seafood processing company; and currently a Board member of the Anvil Corporation, an employee-owned company specializing in oil and gas engineering.
His co-operative experiences include member director of the Commercial Fishermen Co-operative association; creation of legislation for the Alaska Commercial Fishing and Agriculture Bank; and advisor to the US Dept of Health and Social Services for the state Health CO-OPs.
Terry served ten years as a member of the Alaska House of Representatives -several legislative committee chairmanships, Speaker of the House, Chairman of the Alaska Criminal Code Commission and board member on various state and federal boards and commissions.
His non-profit experiences include National Policy Director for the Small Business Majority in Washington DC; working with the Herndon Alliance and ForTerra.
Terry authored the leadership book, "Six-Word Lessons to Build Effective Leaders: 100 Lessons to Equip Your People to Create Winning Organizations".
For more check: Terry Gardiner Long bio