Trying to get everywhere, you won’t get anywhere in time. Fidgeting and chaotic actions do not bring any results.The main thing is to determine the most effective and efficient approach, a tool. To achieve most goals, a small expenditure is sufficient.Theoretically, the principle may seem somewhat complicated and not comparable to reality, but the implications and conclusions drawn from it make it possible to quickly put it into practice: The rule is as follows: “80% of the results are achieved through 20% of the effort.” Most effort produces the least effect. Koch, who described the principle in detail in a book. Juran, who read the works of Wilfredo Pareto, and R. The principle gained wide popularity thanks to business consultant J. The statistic was confirmed not only by the example of other countries, but even by different time frames in the past. The Italian economist discovered the pattern that 80% of a country’s wealth belongs to 20% of the people. Is an empirical theory, i.e., easily verifiable in practice. Understanding your maximum allows you to work more efficiently, have time to relax, have fun, and feel happy. Only part of the effort will bring results, and the rest will turn into fatigue and dissatisfaction. Spending six hours to sleep, eat, and bathe, and 18 hours to work is no way to get more out of it. It is irretrievable and is wasted irretrievably. The principle calls for the conservation of resources and forces. Working according to the Pareto principle

If you time the uninterrupted work each time on a timer and then add and subtract from the total time, the efficiency will not be 100% to 100%. This means that there is no need to overhaul the entire work process. Most customer complaints about service in a store, for example, are caused by a few root problems. If we try to explain the Pareto principle without terms, but in simple words, it says that the greatest result is achieved through a minimum of effort. You can’t put in a hundred percent effort and expect a similar return, that is, the ratio will never be 1/1. We are talking about large property, financial flows. The essence of the law is based on the inevitability of imbalance.

Pareto principle economics