RAVINDRA'S BLOG
80-20 Rule
- It is also known as Pareto Principle.
- Its means in 80% of Time we use only 20% of items.
- In other words, 20% of perfect work leads to 80% of results (Profit , Sales or Investment).
Real Life Examples :
- 80-20 rule is followed in drive belt.
- Follow 20% of effort gives 80% of output principle.
- Driven (Input) pulley/gear is large, Driver (output) pulley/gear is smaller.
- In 80% of time we use only 20% of contact list.
- 80% of people will eat only 20% of food menu in parties.
- 20% of people wealthy than 80% of People.
- We pin most used apps to task bar.
- In wallet most used cards are placed on top and less used cards are placed inside.