Pareto Principle

My son and I attended a presentation from a company representing Amazon a business with a net worth of over a trillion dollars. That fact alone got me interested in getting more knowledge about The Amazon mission statement. I could see that they make a lot of money. But I was looking for more. I found it when the speaker spoke about the 80/20 rule or simply stated the Pareto Principle.

This is how it goes: Everything around us follows an interesting pattern. For example, if you have five pairs of shoes you only wear one pair most of the time. 20% of the people in the world control 80% of the wealth. Of ten things you do today will only two will generate most of your desired results. In school, 20% of the content of the class teachings are the core principles. Those principles will make up 80% of the test. The teacher spends 80% of his or her time explaining the 20% core principles.

20% of the people you hang out with take up 80% of your energy, and 20% can make you more confident and motivated. You can solve 80% of your problems by fixing the most important 20%. Once this principle is understood all you need to ask yourself is how can I apply in my life right now. Knowledge is power is a statement I heard repeated often yesterday at that event,

About serius1058

I am a 64year old male. I live in California. I continute to blog as a way to give my opinion on things that I read about. I am a baby boomer and I feel that because of the life I have experienced, and the times we are living through the need to be examined with a critical eye. I feel this is my purpose in life. Live,learn, and comment. I will attempt to make this happen.
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1 Response to Pareto Principle

  1. serius1058 says:

    Reblogged this on Observations and commented:


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