Welcome to the "The 80/20 Consulting Company". The image above highlights key attributes of the 80/20 principle and what The 80/20 Consulting Company can do for you - please let me explain.
The 80/20 principle (also known as the Pareto Principle) is the observation that often just a small number of events or effort gives rise to a disproportionately higher share of the rewards. Typically this ratio is 20% effort: 80% rewards, but the concept covers anything from 70/30 to 99/1. These observations cover the whole gambit from financial items to time management, quality control and social factors.
"Finding the vital few hidden in the trivial many"
In many situations just a few items really matter - the vital few. The difficulty is that these vital few are often swamped by the trivial many, and we tend to lose sight of the important relationships that do exist.
The graph on this letterhead depicts two essential elements of the 80/20 principle:
Firstly, the vertical bars represent individual events. 80/20 analysis ranks these high to low. The two red bars (20% of the sample) show their relative significance.
Secondly, the blue line represents the cumulative total of these events. Again, a typical situation where the top 20% of events provides 80% of the results.
For more information see services, or please call on 0800 80 20 26.
Geoff Vautier
Director