4 Questions
According to the 80/20 rule, which of the following statements is most accurate?
80% of the results come from 20% of the effort
Which of the following is an example of the 80/20 rule?
A company generates 80% of its revenue from 20% of its customers
When have you used a small amount of time to create a big change?
I spent 20% of my time on a project and achieved 80% of the desired outcome
What is the 80/20 rule and how does it apply to creating big changes? Provide an example.
The 80/20 rule, also known as the Pareto Principle, states that 80% of the results come from 20% of the efforts. This means that a small portion of the input or effort usually leads to a large portion of the output or outcome. An example of applying this rule to create a big change is when a company identifies that 20% of their products generate 80% of their revenue. By focusing their resources and efforts on those top-performing products, they can maximize their profits and create a significant impact on their overall business success.
Test your knowledge on the 80/20 rule and learn how to make a big impact with minimal effort. Discover real-life examples of how this principle can be applied to create significant changes in various areas of life.
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