Blog The Pareto principle (the 80:20 rule) in time management | Pareto Principle

The Pareto principle in time management states that 80 % of results will come from 20 % of your effort. Consequently, being aware of the Pareto ...NEW • WelcometoournewSpicaOnlineMarketplace>>  [email protected]  ChooselanguageLanguageSIBAHRMKRSBlogTheParetoprinciple(the80:20rule)intimemanagementTags:individualproductivitygoalsettingtimemanagementtechniquesCategories:ProductivityAuthorBlazKosDate23/12/2020Inmanagementtheory,thereisanimportantprincipleknownas80-20ruleortheParetoprinciple.TheideawasformulatedbytheItalianeconomistandsociologistVilfredoFedericoPareto. Theprinciplestatesthat,formanyevents,roughly80%oftheeffectscomefrom20%ofthecauses.It’sanunevendistributionthatcanbefoundincountlesslifeandbusinesssituations.PracticalexamplesoftheParetoprinciplewouldbe:80%ofyoursalescomefrom20%ofyourclients.80%ofyourprofitscomesfrom20%ofyourproductsorservices.80%ofdecisionsinameetingaremadein20%ofthetime.Fixingthetop20%ofthemostreportedbugsalsoeliminates80%ofrelatederrorsandcrashes.Youwear20%ofyourclothes80%ofthetimeandsoonTheParetoprinciplealsohasanimportantplaceintimemanagement.WhatyouwillfindoutinthisarticleWeareallautomaticallydrawntotasksandactivitiesthatdon’thaverealimpactTheParetoprincipleintimemanagementcanhelpusprioritizetasksThe20%oftasksinyourbusinessorcareerthatyoushouldbefocusedonDon’tbeskeptical-trackyourtimeandseeitforyourselfAfewtime-managementtacticstohelpyoustayputwiththeParetoprinciple1.Beruthlesswithwhichtasksyouletonyourto-dolist2.Delegate,outsource,andautomatewherepossible3.Timeboxdeepwork4.Startwiththemostimportanttaskfortheday5.EliminateasmanydistractionsandinterruptionsaspossibleTheParetoprincipleintimemanagementstatesthat80%ofresultswillcomefrom20%ofyoureffort.Consequently,beingawareoftheParetoprinciplecanmainlyhelpussettherightpriorities. Itcanhelpustofocusonactivitiesthatwillhavethebiggestimpactinourbusinessandpersonallives.Theunevendistributionoftasksyoudoeveryday:20%ofyourtaskscontributetoabout80%ofthetotalsuccessinyourorganization.Let’slookatthe


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