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  • Added for You - The Vital Few & The Trivial Many

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    ’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 2

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    In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country. He observed that 80% of the land in Italy was owned by 20% of the population. After Pareto, many others observed similar phenomena in their own areas of expertise.

    In the 1940’s, Quality Management pioneer, Dr. Joseph Juran, recognized a universal principle which he called “the vital few and the trivial many”. A lack of precision on Juran’s part made it appear that he was applying Pareto’s observations about economics to his own observations. As a result, Juran’s “vital few” theory became known as Pareto’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 20

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    e land in Italy was owned by 20% of the population. After Pareto, many others observed similar phenomena in their own areas of expertise.

    In the 1940’s, Quality Management pioneer, Dr. Joseph Juran, recognized a universal principle which he called “the vital few and the trivial many”. A lack of precision on Juran’s part made it appear that he was applying Pareto’s observations about economics to his own observations. As a result, Juran’s “vital few” theory became known as Pareto’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 2

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    ity Management pioneer, Dr. Joseph Juran, recognized a universal principle which he called “the vital few and the trivial many”. A lack of precision on Juran’s part made it appear that he was applying Pareto’s observations about economics to his own observations. As a result, Juran’s “vital few” theory became known as Pareto’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 2

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    t made it appear that he was applying Pareto’s observations about economics to his own observations. As a result, Juran’s “vital few” theory became known as Pareto’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 2

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    ’s Principle – commonly known as the 80/20 rule.

    The 80/20 Rule states that with anything – time, resources, space, priorities, goals, and activities – only 20% are vital and 80% (many) are trivial. Or 20% of the resources produce 80% of the results. In Pareto’s case it meant that 20% of the people had 80% of the wealth. In Juran’s initial work, he identified that 20% of the defects caused 80% of the problems.

    Are any of these true for you?

     80% of what you file is never looked at again. The other 20% is referenced occasionally or frequently.

     20% of your products or services account for 80% of your sales.

     80% of your measurable results will come from 20% of the activities on your To Do list.

     20% of your people produce 80% of your results

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