80:20 Vision… The Pareto Principle
I’m not lazy, but I am a great believer in taking the most effective route from A to B. That’s why I love the Pareto Principle… otherwise known as the Principle of the Least Effort.
Background
The principle is named after an Italian Economist (unsurprisingly called Pareto), who recognised an observable trend: 80% of Italy’s land was owned by 20% of the population. He also observed that this extended outside of economics; for example, 20% of the pea pods in his garden provided 80% of the peas.
