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"...providing insights and emotional analytics based on writing" —
The Pareto principle, also known as the 80/20 rule, states that roughly 80% of effects come from 20% of causes. It is named after the Italian economist Vilfredo Pareto, who observed that 80% of the land in Italy was owned by 20% of the population.
The principle can be applied to many different fields, such as business, economics, and project management, and suggests that a small number of key factors are responsible for the majority of outcomes. This principle can be used to identify and focus on the most important elements of a system in order to maximize efficiency and effectiveness by doing more of the things that matter.
Pareto’s principle is more of an observation than a full-fledged scientific theory. It is commonly noticeable in various contexts, but it does not apply to every scenario.
• Socializing – 80% of the value you get from socializing comes from the top 20% of your friends. Preferentially strengthen relationships with those friends.
• Procrastination – 80% of your procrastination comes from 20% of your indulgences. Place those 2-4 top indulgences out of arm’s reach, and you’ll see an outsized gain in weekly output.
• Delegating – Which things should you do yourself, and which ones could be handed over to your team? Focus on the vital 20% and delegate the rest.
• Productivity – 80% of the results come from 20% of the effort. To maximize your efficiency, you must identify the most value-producing activities and work on them first.
• Business – 80% of the income comes from 20% of the customers.
• Tools use – 80% of the time, people use 20% of the tools at their disposal.
