How to Take Good Decisions?

Re:How to Take Good Decisions? by helph67 on Wednesday November 20, 2024 @04:35PM (#42198348)

Never forget `Pareto', you will find it applies to most of life. Quote> The Pareto principle (also known as the 80/20 rule, the law of the vital few and the principle of factor sparsity) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). <End quote.

https://en.wikipedia.org/wiki/Pareto_principle

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Re:How to Take Good Decisions? by muzani on Wednesday November 20, 2024 @05:37PM (#42198864)

This is often misconstrued.

80% of sales come from 20% of the customers > yes, fire the customers who bring in 80% of the work.

80% of goals come from 20% of the players > no, your formation should not change everyone to forwards

Opportunities come 80% from networking, 20% from working hard > if you spend all your time networking, people would avoid you

Very often there's a support structure in place which leads to to the results.

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