
Saved by Emilie Kormienko
When the 80/20 Rule Fails: The Downside of Being Effective
Saved by Emilie Kormienko
Basically, the more you try to do, the less you actually accomplish.
As with other manifestations of the efficiency trap, freeing up time in this fashion backfires in terms of quantity, because the freed-up time just fills with more things you feel you have to do, and also in terms of quality, because in attempting to eliminate only the tedious experiences, we accidentally end up eliminating things we didn’t realize
... See moreWhen I teach leadership seminars, I always teach what’s known as the Pareto (80/20) Principle: In a nutshell, it says that if you focus your attention on the top 20 percent in anything you do, you will get an 80 percent return.
The reason that the 80/20 Principle is so valuable is that it is counterintuitive. We tend to expect that all causes will have roughly the same significance. That all customers are equally valuable. That every bit of business, every product, and every dollar of sales revenue is as good as any other.