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Chapter 5. Productivity cycles > Pareto principle

Pareto principle

Explanation

The Pareto principle, also known as the “80-20 Rule,” is a principle discovered by Victor Pareto, an Italian economist and sociologist who studied land ownership at the turn of the 20th century. Pareto discovered that more than 80 percent of the land was owned by fewer than 20 percent of the people. When you apply the Pareto principle to workplace time management, you can determine that 80 percent of the value of a group of activities is generally concentrated in only 20 percent of those activities. For example, when you create your daily “to-do” list, only 20 percent of the activities you write on your list is going to produce 80 percent of your productivity for the day.


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