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Showing posts with the label pareto

Productivity #1 Countless Capacities

The fairy tale of excess capacity In consulting it is fashionable, sometimes even mandatory to work hard and to work excessive hours. Of course when it comes to formal documentation of the hours worked everybody is 100% compliant with German labour laws...'of course'. However the 'informal reality' often gives a different impression. The notion that anyone is capable of working more than ten hours highly concentrated on a daily basis over several days or weeks time by pure willpower is something I always considered suspicious to say the least. I witnessed a decent count of occasions of late work and night shifts, where a team had to hit a deadline for a proposal or some documents for workshops or a steering committee and so on. On these occasions I noticed two different types of colleagues: the ones that were staring holes into their laptop screens while typing and clicking away on their computers frantically and the ones that were not. You guessed it: 4 out of 5 of the...

The Law of the Vital Few

Focus on Impact You might know this 'law of the vital few' under one of its synonyms: the 80-20 rule, pareto efficiency, the rule of diminishing returns, to name a few. There's a wide range of matters where this rule can be applied successfully and some others, where it cannot. In this post I will build a strong case why you should apply this rule in your everyday work life and how to best leverage it on some of the most vital aspects of life. Theory Basics According to the 80-20 rule 80% of outcome is caused by 20% of input. For instance this could be applied in sales as to a company that makes 80% of profit with 20% of its customers, or a carpenter that uses 20% of his toolset for 80% of the work, or that most people spend 80% of their total time consumed by their smartphone on 20% of the apps and so on, 80% of global CO2 emissions are caused by 20% of the nations worldwide (probably even significantly less). One significant fact to note is that this rule is indifferent t...