How Long Does It Take To Read 80 Pages – The 80-20 rule, also known as the Pareto principle, is a popular saying that claims that 80% of the results (or outcomes) for any event are the result of 20% of all the causes (or inputs).
The purpose of the 80-20 rule in business is to identify and prioritize the inputs that are potentially the most productive. For example, once managers have identified the factors that are important to their company’s success, they should focus on those factors the most.
How Long Does It Take To Read 80 Pages
Although the 80-20 rule is often used in business and economics, you can apply this concept to any field. Wealth distribution, personal finances, spending habits, and even infidelity in personal relationships can be the subject of the 80-20 rule.
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You can think of the 80-20 rule as simple cause and effect: 80% of the results (outputs) come from 20% of the causes (inputs). The rule is often used to state that 80% of a company’s revenue is generated by 20% of its customers.
Thus, it may be beneficial for a company to focus on the 20% of customers that account for 80% of revenue and market specifically to them. By doing so, the company can retain those customers and acquire new customers with similar characteristics. However, the 80-20 rule has a more fundamental meaning.
Essentially, the 80-20 rule is about identifying a company’s best assets and using them effectively to create maximum value. For example, a student should try to determine which parts of the textbook will be most useful for an upcoming exam and focus on those first. However, this does not mean that the student should ignore other parts of the textbook.
People may not realize that the 80-20 rule is a recipe, not a hard and fast mathematical law. Also, the percentages do not have to be 100%. Inputs and outputs simply represent different units. Percentages of these units do not need to add up to 100%. The concept behind the rule is important.
The 80 20 Rule
There is another way the 80-20 rule can be misinterpreted. That is, if 20% of inputs are the most important, the remaining 80% should not be. This is a logical fallacy. Even if a decision is made to prioritize 20%, 80% may be important.
Business managers of all industries use the 80-20 rule to help them narrow their focus and identify the most challenging issues in their departments and organizations.
The 80-20 rule is also known as the Pareto principle and is applied in Pareto analysis. It was first used in macroeconomics to describe the distribution of wealth in Italy in the early 20th century. It was introduced in 1906 by Vilfredo Pareto, an Italian economist famous for his concepts of Pareto efficiency.
Pareto noted that 20% of the peas in his garden were responsible for 80% of the peas. Pareto extended this principle to macroeconomics by showing that 80% of the wealth in Italy belonged to 20% of the population.
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In the 1940s, one of the leading figures in operations management, Dr. Joseph Juran, applied the 80-20 rule to quality control for commercial production.
He proved that 80% of product defects are due to 20% of problems in production methods. By focusing on and reducing the top 20% of production problems, a business can improve the overall quality of its products. Juran called this phenomenon “major minority and insignificant majority”.
While there is very little scientific analysis to prove or disprove the validity of the 80-20 rule, there is plenty of anecdotal evidence that, if not numerically precise, confirms that the rule is essentially valid.
Results from salespeople working in a wide variety of businesses have demonstrated success incorporating the 80-20 rule. Additionally, outside consultants using Six Sigma and other management strategies have incorporated the 80-20 principle into their practices with good results.
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Karla, a Harvard graduate, was working on an assignment for her digital communication class. The project was to create a blog and track its success over the course of a semester.
Carla designed, built and launched the website. Halfway through the term, the professor graded the blogs. Carla’s blog, while gaining some visibility, generated the least amount of traffic compared to her classmates’ blogs.
Carla came across an article about the 80-20 rule. He said you can use this concept in any field. So Carla started thinking about how to apply the 80-20 rule to her blog project. He thought, “I’ve put a lot of time, technical skill, and writing experience into creating this blog. But with all that energy, I’m getting very little traffic.”
Now he realized that even if the content is sensational, it is worth almost nothing if no one reads it. Karla concluded that maybe her blog marketing was a bigger problem than the blog itself.
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To apply the 80-20 rule, Carla decided to allocate 80% to everything that goes into creating the blog, including the content. 20% of it will be represented by the choice of blog visitors.
Importantly, while her analysis confirmed that the blog’s biggest challenge was its marketing, Carla didn’t overlook its content. He remembered the common mistake made in the article – if 20% of the input is the most important, the remaining 80% must be irrelevant – and he didn’t want to make that mistake. He knew that aspects of content should also be addressed.
By applying the 80-20 rule to her blog project, Carla gained a better understanding of her audience and therefore more targeted the top 20% of her readers. He rewrote the blog’s structure and content based on what he learned, and traffic to his website increased by more than 220%.
The 80-20 rule is a principle that says that 80% of all results are caused by 20% of the causes. It is used to identify the factors (usually in the work environment) most responsible for success and then focus on them to improve results. The rule can also be applied to situations outside the business sphere.
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The 80-20 rule simply emphasizes the importance of putting your energy into those aspects of your business – life, sports performance, music performance, blogging, etc. – which gives you the best results. But that doesn’t mean people should ignore less successful areas. It’s about prioritizing focus and tasks and then solving problems that present themselves because of that focus.
When building a portfolio, you might consider investing in 20% of the stocks in the S&P 500, which provide 80% of market returns. Or you can create an 80-20 allocation: 80% of the investments can be low risk index funds and 20% growth funds. Of course, past performance does not necessarily correlate with future results. So, be sure to track your portfolio’s performance to see how well the results match your intent and goals.
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What Is Blood Pressure?
Blood pressure measures the pressure of blood in your arteries when your heart beats and relaxes. Numbers outside the typical range may mean your heart is working too hard to pump blood around your body.
You probably already know that blood pressure is important and can affect your health in many ways.
In this article, we will explain what is considered normal, elevated and high blood pressure and what this means for you and your health.
When a doctor measures your blood pressure, it is expressed as a fractional measurement with two numbers, one above (systolic) and one below (diastolic). For example, 120/80 mm Hg.
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Blood pressure is measured in millimeters of mercury. This means mm/Hg. Here’s what the numbers mean:
Numbers greater than the ideal range can be a sign that your heart is working too hard to pump blood to the rest of your body.
Blood pressure is considered normal when your systolic and diastolic numbers are within these ranges.
If you are within the normal range, no medical intervention is needed. However, it is important to maintain a healthy lifestyle and maintain a moderate weight to prevent the development of high blood pressure.
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If you have a family history of high blood pressure, you may need to pay more attention to your lifestyle.
Normal blood pressure Normal blood pressure for adults is blood pressure below 120/80 mm Hg and above 90/60 mm Hg.
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