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	<title>Invinciblebrain.com &#187; 80/20 Rule</title>
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		<title>Beware Bloggers Read This 80/20 Rule</title>
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		<comments>http://invinciblebrain.com/whats-making-news/beware-bloggers-read-this-8020-rule.php#comments</comments>
		<pubDate>Tue, 21 Jul 2009 16:51:49 +0000</pubDate>
		<dc:creator>InvincibleBrain</dc:creator>
				<category><![CDATA[Whats Making News]]></category>
		<category><![CDATA[80/20 Rule]]></category>

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		<description><![CDATA[Vilfredo Pareto a very influential Italian economist, who&#8217;s most notable achievement was the development of, what’s today commonly know as, the Pareto principle or “ law of the vital few.”Now the next question that arises is What makes this principle so important ? As a matter of  fact that it provided a bridge between economics [...]]]></description>
			<content:encoded><![CDATA[<p><em><strong>Vilfredo Pareto</strong></em> a very influential Italian economist, who&#8217;s most notable achievement was the development of, what’s today commonly know as, the Pareto principle or “ <span style="text-decoration: underline;"><strong>law of the vital few</strong></span>.”Now the next question that arises is <em>What makes this principle so important</em> ? As a matter of  fact that it provided a bridge between economics and sociology, by showing how, in general, only ~<strong>20% of the input is responsible for ~80% of the output</strong> in some aspects of our lives.</p>
<p>More clearly, with a minimum amount of effort you can come up with most of your desired results. A few short examples:</p>
<ul>
<li>20% of the world’s population control 80% of its income.</li>
<li>20% of a company’s workers produce are responsible for 80% of its performance.</li>
<li><strong>20% of the bugs are responsible for 80% of system crashes.</strong></li>
<li>20% of clients are responsible for 80% of sales.</li>
<li>20% of the world’s newspapers are read by 80% of the population.</li>
<li>20% of a city’s streets are responsible for 80% of the traffic.</li>
<li>20% of criminals are responsible for 80% of the total crimes.</li>
<li><strong>20% of the websites produce 80% of its traffic.</strong></li>
</ul>
<p>And we could go on forever. Just think about learning a new language, after a few months you’ll probably be able to have a conversation with someone in a foreign language, but by no means will be fluent &#8211; that takes a lot more effort.</p>
<p>However, keep in mind this is not a general truth, as the <strong>80/20 principle does not apply to all circumstances</strong>, by no means. It’s pretty clear, though, that we can learn a great deal from its microeconomics applications and <strong>become more productive</strong> <strong>bloggers.</strong></p>
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