Book: The 80/20 Rule; Step-2
Published: 1997 & Pages: 336
11x Step Learning
Step-2
Small Input - Huge Output
Have you ever worked on a project and realized that most of your work happened right before the deadline? Maybe, in those last few days, you accomplished more than you did in all the previous weeks.
Similar situations happen in different areas. For instance, many businesses discovered that only 20 percent of their products brought in 80 percent of their profits. Likewise, when it comes to road safety, 20 percent of drivers are responsible for 80 percent of accidents. Most people drive carefully, but a small group acts carelessly and causes most accidents.
This phenomenon is known as the 80/20 principle. It means that about 80 percent of the results come from around 20 percent of the effort. Why is this ratio not more even? It’s because not every effort has the same impact on the results. Some efforts make a big difference, and most have only a small impact. This results in the 80/20 split.
It’s essential to understand that the 80/20 principle is a simplification. In reality, the ratio can be different, like 70/30 or 99.9/0.01, and it may not always add up to 100. For example, in a 1997 study, only four out of 300 movies (1.3 percent) generated 80 percent of the ticket sales. As you can see, you can find examples of the 80/20 principle in various situations. This knowledge can be quite valuable, as you’ll discover.
بسم اللہ الرحمان الرحیم
اردو ترجمہ جلد اپ لوڈ کیا جاےَ گا، انشاءاللہ
10x Short Questions
1. What's a common situation when working on a project?
Working more right before the deadline.
2. What does the 80/20 principle show in businesses?
A small part of products generates most of the profits.
3. Who causes the majority of accidents on the road?
About 20% of careless drivers.
4. What's the main idea of the 80/20 principle?
Around 20% of effort leads to about 80% of results.
5. Why is the 80/20 ratio not always perfectly balanced?
Because not every effort has the same impact on results.
6. How can the 80/20 principle be described?
It simplifies the idea that a small effort leads to most results.
7. Can the 80/20 principle have different ratios in reality?
Yes, it might not always be 80/20; it can vary.
8. What's the example from a 1997 study about the 80/20 principle?
Only 1.3% of movies generated 80% of ticket sales.
9. Where can you find examples of the 80/20 principle?
In various situations, not just in one place.
10. Why is understanding the 80/20 principle valuable?
It helps you see how a small effort can lead to significant results in different areas of life.