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Main » Files » Business matters

Pareto Principle
15.04.2011, 16:03

Category: Business matters | Added by: Teacher | Tags: business
Views: 742 | Downloads: 0 | Comments: 7 | Rating: 0.0/0
Total comments: 7
2 MissJane  
0
I'm not a skeptic but still this principle has a savour of sophistication. I don't even doubt it works in many spheres of our life, yes, it's really so, but let me ask you a few questions.
The 80/20 Rule claims that 20% of your efforts bring 80% of the results. Let's say you work on the site regularly (or just study the language diligently) and have acquired lots of skills. If so, what tasks and activities form these 20% of efforts that are responsible for 80% of your progress? Name them.
Another thing. What are these 20% of food that give 80% of benefit to your health? Even if it is easy to list the products, then will it be easy for you to avoid the unhealthy 80% of food?

3 Asya  
0
Yeah, I've asked myself similar questions. I don't doubt the fact that this principle does work. But, at the same time, I remember it when getting prepared for my exams. According to this principle, the 20% of the information I study will make up 80% of the success. Does it mean that I have to study only lectures? Are all the other sources of information extra and unnecessary? Or, even a more complicated question, which 20% do I need to pass this exam without any problems?

4 Rina  
0
I tend to believe that everything is vice versa – 80% of the information you've learnt will make up 20% of your success. Then, everything seems quite logical – you have read a lot, understood 80% and used 20%))) biggrin

6 Teacher  
0
Actually, the most part of my examinations I passed preparing only with the help of my lectures (20%, as you've said)

5 Teacher  
0
It's a well-known fact that for living anyone needs for example a definite amount of proteins or kilocalories. One can get this limit of necessary elements from some food products. But still we eat much. And the 80% of our food is eaten because it's tasty or smth. else. As for the tasks and activities on the site... E.g. we have to post 10 comments, to participate 5 forums, to practice translation and to write an essay. As far as I understand, praciticing translation we do only 20% of our tasks, but this very practice demands our knowledge of grammar (that i necessary for other activities as well), our knowledge of vocabulary (that's also necessary) and our thinking, because we should understand how this or that word/phrase can be translated from Russian into English (almost the same thing is with essays for example when we sometimes think over something in Russian and only then thranslate it into English). So we do 20% of the tasks, but get 80% of "profit" so-to-say.

7 MissJane  
0
What amount of proteins and kilocalories? What food products? Give me an exact answer. Pareto principle provides distinct figures so please would you be so kind as to explain to me how it works here?

I didn't understand your calculations about the tasks at all. Did you mean that each 20% of the tasks assigned produce 80% of outcome? So if we do all of them, we get 400%? Or is it enough to do 1/4 of the work to achieve the 100% "profit"???

1 Tanya  
0
Thank you for good information. As I remember this Principe was discovered by Italian economist Vilfredo Pareto and nowadays it really works and can be used in different spheres of life. It is interesting that according to this principle 20% of customers define 80% of corporate income or 20% of criminals commit 80% of crimes. But in economy especially managers attach great importance to this principle.

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