Meta Pareto Principle

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Meta Pareto Principle
The Pareto Principle has consistently proven to be right in 80% of the cases. There are of course exceptions, but for sure they do not amount to more than 20%... The pareto principle in action :-)

Short Term versus Long Term
j.a. karman, 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.

Meta Pareto Principle
Jaap de Jonge, Editor
Haha Roger, thanks for your nice contribution. Indeed what you describe is the Pareto Principle applied to the Pareto Principle itself. Kudos….



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