Your Peas Opener
Pareto, an Italian economist, loved to garden. One day, he noticed that about 80% of the peas were produced by 20% of the pods. He wondered, did this eighty twenty rule apply elsewhere? He found out that about 80% of the land in Italy was owned by 20% of the population. This principal applies to several other areas. 80% of healthcare resources are used by 20% of patients. The same holds true for crime and even taxes.
How does this help us? We would all like more time to get our stuff done. More help. More resources.
How might we make sure we focus on the critical 20% that gives us 80% of the benefits?