Twenty percent of workers’ productivity comes from 80 percent of their activity. True or false? Achieving goals is easier when you are ____ and use your time efficiently.
(Solved Homework): Twenty percent of workers' productivity comes from 80 percent of their activity….
Expert Answer
1. The 80:20 Rule or the Pareto principle:
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Pareto made an observation that 80% of wealth resided with 20% of people. Later, this was spread in to other areas where this phenomena is observed.
Of all the activities an organization does, the 20% value added activities bring up 80% of the profits.
It is not exactly about the figure though, but reinstating the general fact that
“A few causes lead to many actions” or “Only a few are productive”
So here, it is said that 80% of activity comes from 20% productivity of workers. It can also be extended that the rest 20% activity require 80% productivity of workers.
Either of the statements is true using Pareto’s principle.
2. This can be explained in layman’s way.
In a running race, you want to win. What should you do?
Run fast towards the end line.
Here, there are two things to be observed.
1. Run fast – if you run fast, you can overcome your competitors and you may win.
What if you are running in the reverse direction?
You still are faster than your competitors but you will never reach the finish line. So, it is equally important that you run towards the finish line.
2. Towards the goal – keeps you in the race and correct direction
We have the concept of effectiveness and efficiency.
Effectiveness is doing the right thing. Here it is running towards end line.
Efficiency is doing it right. Here it is running as fast as possible.
So, to achieve goals quickly, it is important to be effective and efficient.
