Learn 16X Productivity Increase Secrets
The Amazing 80/20 Principle has the power to grow your business up to 16 TIMES FASTER and make your life a whole lot less busy and complicated. Got your attention?
The 80/20 Rule is widely referred to throughout 12Faces. We consider it one of the fundamental rules contributing to optimising your business for growth and productivity with least input of your time and resources.
Richard Koch lists 10 areas where 80/20 can be applied in a business as the first 10 below. We think there are others as well and have added them to the list.
- Cost reduction and service improvement
- Information technology
- Decision making and analysis
- Inventory management
- Project management
- Time Management
The 80/20 Principle asserts that a minority of causes, inputs or effort usually lead to a majority of the results, outputs or rewards.
Taken literally, this means that 80 percent of what you achieve in your job comes from 20 percent of the time spent.
For more background information to this Skills Module go to:
SM2.0 80/20 Sales Growth; Double Sales, Triple Profits
The Skills Module is divided into a the following articles:
SM2.1 The Amazing 80/20 Rule Tool
SM2.2 80/20 Problem Solving
SM2.3 80/20 and the Theory of Constraints
SM2.4 80/20 Decision Making
SM2.5 How to do an 80/20 Data Analysis
SM2.6 80/20 Business Analysis
SM2.7 80/20 Multipliers
SM2.8 80/20 Maestro
SM2.9 80/20 Staffing
SM2.10 80/20 Sales Growth; Double Sales, Triple Profits
SM2.11 80/20 Inventory Management