80/20 Treasures

Posted by Amy Fitzgerald on Nov 20, 2015 10:49:11 AM

From the treasure chest of the 80/20 Experts - Submitted by Peter Philippi of Strategex

You’ve heard of 80/20, right? Do you believe the principle? Do you know the problems it reveals? Do you have an understanding of the opportunities it creates?

First, the principle: 20% of the input generates 80% of the output; 20% of activity generates 80% of the results; typically 20% of customers generate 80% of the revenues; 20% of your products generate 80% of the revenues; 20% of your employees create 80% of your HR problems…and on and on it goes.

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