Have you ever heard about Pareto principle?
Few days ago started reading my birthday gift, a book which name is "80/20" or Pareto principle. The idea is that 20% of causes in our life make 80% of results. Interesting theory, also because has a link with chaos theory - "nonlinearity is frightening.... but also perfect!"
This principle has it place in business life, but also can make an affection to our daily life. No idea regarding truth, but I'll try to find more...
Interesting fact that Robert Kiyosaki makes an example of this principle in one of his books, also making a reference to another theory - "90/10" that 90 percent of world values are property of only 10 percent of population.
And again we don't know the truth, but the most fascinating thing is - how much information can be given by simple numerals...
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Have you ever heard about the Pareto principle?
A few days ago I started reading my birthday gift, a book whichname is called "80/20" or the Pareto principle. The idea is that 20% of the causes in our life make 80% of the results. Interesting theory, also because it has a link with chaos theory - "nonlinearity is frightening.... but also perfect!"
This principle has its place in business life, but it also can (can also) make an affection to impact on our daily life. No idea regarding truth, but I'll try to find out more...
An interesting fact is that Robert Kiyosaki made an example of this principle in one of his books, while also making a reference to another theory - "90/10" - that is, 90 percent of the world's values are property of only 10 percent of the population.
And again we don't know the truth, but the most fascinating thing is - how much information can be given by simple numerals...
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That's the point! Figures can be different but rarely can they reach 50/50 balance.
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It is an important analysis tool for industrial engineers. As an example to the theory: A company gets 80% income from 20% of its products.
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