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Pareto Principle > Best Practices

ROGER BERTRAND, Business Consultant, Canada
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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 :-) (...) Read more? Sign up for free

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  j.a. karman, ICT Consultant, Netherlands
 

Short Term versus Long Term

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.

  Jaap de Jonge, Editor, Netherlands
 

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Haha Roger, thanks for your nice contribution. Ind (...)

 
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