Thursday, December 1, 2011

A different take on the Pareto principle

Okay, here's a different thought. You've probably heard of the Pareto Principle, also known as the 80/20 rule.  The original idea came from the observation that 20% of the people in Italy owned 80% of the land, and that in a certain garden, 80% of the peas came from 20% of the pods.  The general concept is that most of the productive output is the result of relatively few of the input factors.  In business it is generally considered that one should focus on the 20% that are causing the large effect, in order to achieve significant improvement.

Abe Lincoln made an interesting comment:

“If I had eight hours to chop down a tree, I'd spend six hours sharpening my ax”


This suggests that most of the 80% "non-productive time" he would spend on preparing well for the actual productive time he did spend.  It seems he was aware of the need to prepare well, so that when the time came for the 20%, he was ready and could work effectively.

Okay, that's enough for a late night musing....

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