Pareto Principle or Spending Time With Your Best

More Neo-DeMarconian pontification after some morning reading… so no caffeine, need some help…

Wikipedia states the Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

So what? I don’t even really like peas!

It was long ago that I first became aware of the principle and attempted to apply it to life and leadership–a pretty useful tool for assisting in determining priorities for any person’s life or for any organization.

20% of your priorities will give you 80% of you production
IF you spend your time, energy, money, and personnel on the top 20% of your priorities

Every leadership should understand the Pareto Principle in the area of people oversight and leadership. For example, 20% of the people in an organization will be responsible for 80% of the organizations success. The following strategy will enable a leader to increase the productivity of an organization.

Determine which people are the top 20% producers

Ask the top 20% to do on-the-job training for the next 20%

Logical? Thoughts? Will it execute?