LEADERS
DIGEST
THE PARETO PRINCIPLE: GET MORE OUT OF LESS
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For many events, roughly 80% of the effects come from 20% of the causes
― Vilfredo Pareto, source of the Pareto principle.
THE MOST EFFICIENT GROOVE
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In this write-up, you will learn about (or perhaps relearn) the Pareto principle, its roots, and the lens through which we can apply the principle for productivity in everything we do, be it learning, leading, managing, and/or teaching. Throughout our lives, we pore over books and browse websites for the simplest possible solutions to problems, and aim to improve our skills and productivity. We are repeatedly, and unknowingly, stumbling upon the Pareto principle. This is a principle most applicable to our daily lives. Never heard of it? It is quite simple, really.
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BY DR ADELINA ASMAWI
80% of productivity in any given organisation comes from 20% of the workforce in that company
Look at your emails, and you will discover that 80% of what matters from those messages come from only 20% of them. This principle covers everything we do. It is about the most efficient groove we have. The 20% that gives us 80% of what we need.
THE PEAS AND THE PODS The Pareto principle was named after Vilfredo Pareto, an Italian economist who saw the imbalance in land ownership in Italy at the time. Twenty per cent of the population owned 80% of the Bel Paese land. Funny that he first gauged this after realising that 80% of the healthy peas from his garden came from 20% of the pods. These incidents would go on to inspire this principle. It is an age-old idea that yields timeless benefits. Issue 42 I August 2020 9
