Your Peas Opener
Problem 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. |
Solution
How might we make sure we focus on the critical 20% that gives us 80% of the benefits?
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