Most managers and many students know about the 80-20 rule, but how many use it effectively? Here's what it means: 80% of output comes from 20% of input. As a strategic decision making tool, the 80-20 rule can help you decide what’s important and how you should spend your time for the best return.
Most people are driven by what is urgent without stopping to think whether it’s really as important as something else they could be doing. No doubt everything you do has some importance. It’s[...]