Short Term versus Long Term
j.a. karman, ICT Consultant, Netherlands, Member
Very good Roger. Suppose the Pareto principle would be right all the time. Then in 80% of cases it would be correctly applied and in 20% of the cases not.
All of this related to finding the 20% too. Real good innovations and new good opportunities are difficult to recognize. When making decisions regarding which things to focus on, the important ones are mostly found in those 20%. They are overlooked easy because of that. The result is a business getting all to mediocrity level at most.
Confusing as this the mindset with the 80/20 is set in a contrary direction.