The Pareto Principle

To think that the Pareto Principle was developed in a garden in Italy in 1906 examining that 80% of peas came from 20% of pods, and yet that analysis is so relevant today in business and in life.

In your business one of the keys to maximising results is optimum resource allocation. It is in this that the Pareto Principle provides powerful guidance. By focusing on that 20% of inputs that are responsible for 80% of results, you can make powerful decisions about the allocation of resources, be that finance, labour, time, capital or equipment.

To assist the decision making process, identifying and monitoring your key performance indicators can provide your focus.

Every business will have Key Indicators. The question is, how are you measuring and monitoring yours to maximise your results?