The 80-20 Rule.

Today i came through a beautiful blog titled 80-20 rule. yeah it Instantly striked my sesnses that it's how true....... But we have rarely stopped enough to reflect it ourself. things which are as simple often escape ours attention.But it's the most fundamental of the rule...and we should reflect upon it to do the optimization. Optimization is everywhere, In computer science we study optimization, data-mining and all sort of algorithm to arrive at some simple and pure statistics which can atleast satisfy the 80% of the conditions. the beautiful blog camn be found out at: http://o3.indiatimes.com/thoughtsforlife/archive/2005/01/28/60902.aspx The same is produced here..............................................................................................

The 80-20 Rule.

Vilfredo Pareto (1848-1923) was an Italian economist who, in 1906,observed that twenty percent of the Italian people owned eighty percent of their country's accumulated wealth. Over time and through application in a variety of environments, this analytic has come to be called Pareto's Principle, the 80-20 Rule, and the "Vital Few and Trivial Many Rule."

Pareto's rule states that a small number of causes is responsible for a large percentage of the effect, in a ratio of about 20:80. Expressed in a management context, 20% of a person's effort generates 80% of the person's results. The corollary to this is that 20% of one's results absorb 80% of one's resources or efforts. For the effective use of resources, the manager's challenge is to distinguish the right 20% from the trivial many.

Examples of the 80-20 Rule:

80% of a problem can be solved by identifying the correct 20% of the issues 80% of advertising results come from 20% of your campaign. 80% of an equipment budget comes from 20% of the items 80% of an instructor's time is taken up by 20% of the students 80% of benefit comes from the first 20% of effort 80% of customer complains are about the same 20% of your projects, products, services. 80% of our personal telephone calls are to 20% of the people in our address book 80% of the decisions made in meetings come from 20% of the meeting time 80% of the outfits we wear come from 20% of the clothes in our closets and drawers 80% of the traffic in town travels over 20% of the roads 80% of what we produce is generated during 20% of our working hours 80% of your annual sales come from 20% of your sales force 80% of your future business comes from 20% of your customers 80% of your growth comes from 20% of your products 80% of your innovation comes from 20% of your employees or customers 80% of your profits come from 20% of your customers 80% of your staff headaches come from 20% of our employees 80% of your success comes from 20% of your efforts 80% of your website traffic comes from 20% of your pages

Hmm.....well I think theres' a good new for us all... 80% of success is achieved from 20% of our efforts......... I guess we all need to sit and think wots that 20% :)

On an afterthought one can think that we should look for that 20% of the things. but as it can be rightly said that for identifying that 20% of the product,effort....whatever.... we will have to spend 80% of the same thing. so total thing becomes constant at 100% ......... this fact can be stated from another famous saying my one of the greastes physicists of the time that energy can neither be created nor be destroyed but can be changed from one form to another.that is total energy is constant.In the same way total work is constant for the total results, it's just that one acheives first 80% of the output earlier than the other ones Applying the same rule as above we can say that the efforts for a particular thing can never be 20,30....90%. It has to be 100% for that particular thing.It is just that one has to 100%.... in others word it is that for that 80%of the work to be shown u have to give 100% of the effort. the 80% of the work can't be shown independently. for that thing to be called complete you have to complete that 20% of the work with 80% of the effort.It's just complimentary in nature.You cannot isolate the TWO. Shwetank.shekhar.tripod.com/Photo