Twenty percent of your priorities will give you 80 percent of your production, IF you spend your time, energy, money, and personnel on the top 20 percent of your priorities...
Every leader need to understand the Pareto Principle in the area of people oversight and leadership. For example, 20 percent of the people in the organization will be responsible for 80 percent of the company's success. The following strategy will enable a leader to increase the productivity of an organization.
1. Determine which people are the top 20 percent producers.
2. Spend 80 percent of your "people time" with the top 20 percent.
3. Spend 80 percent of your personal development dollars on the top 20 percent.
4. Determine what 20 percent of the work gives 80 percent of the return and train an assistant to do the 80 percent less-effective work. this "frees up" the producer to do what he/she does best.
5. Ask the top 20 percent to do on-the-job training for he next 20 percent.
(Leadership 101, pp.51-52)
Wednesday, July 04, 2007
The Pareto Principle (The 20/80 Principle)
The Pareto Principle or The 20/80 Principle is a common idea in business speak. Exactly how does this relate to Christ and the Church must be prayerfully considered. For what its worth, here's The Pareto Principle explained by John Maxwell: