What is the Law of Twenty Eight regarding the opinion of the Law of Twenty Eight?

Daily trivia: What is the "28th Law".

The law of 28 states that in a system, 20% of the factors will determine 80% of the outcomes. That said, in many cases, a small number of factors can have a significant impact on most of the results.

For example, for a company, 80% of its revenue may come from only 20% of its customers; In one survey, 80 percent of Hebi was likely to come from only 20 percent of respondents; In a report, 80% of the content may come from only 20% of the research.

The Law of Twenty-Eight can help people improve the efficiency of their work, distinguish between key and secondary factors, and focus their attention and resources on the parts that will bring the greatest benefit.

The Law of Twenty-Eight is also known as Baledo's Law: The Italian economist Baledo in the late 19th and early 20th centuries believed that in any group of things, the most important ridge is a small part of it, about 20%, and the remaining 80%, although the majority, is secondary. About 80% of the wealth of the society is concentrated in the hands of 20% of the people, and 80% of the people own only 20% of the wealth of the society.

The 28 principle is the 28 law, also known as the 80 20 law, the Pareto law, also known as the Ballett law, the Julian law, the law of the critical minority, the law of the unimportant majority, the law of the least effort, the principle of imbalance, etcIt is widely used in sociology and business management.

The law of twenty-eight was discovered by the Italian economist Pareto in the late 19th and early 20th centuries. He believes that in any group of things, only a small part of them, about 20%, is the most important, and the remaining 80%, although it is the majority, is secondary, hence the law of 28.

Practical significance:

The 80 20 rule is not only widely used in the fields of economics and management, but also has important practical significance for our own development: learn to avoid spending time and energy on trivial matters, and learn to grasp the main contradictions.

A person's time and energy are very limited, and it is almost impossible to really "do everything well", and it is necessary to learn to allocate time and energy reasonably. If you want to be prosperous in all aspects, it is better to make breakthroughs. Spend 80 per cent of resources on the 20 per cent that yields key benefits, and these 20 per cent can drive the development of the remaining 80 per cent.

Problems that can be solved by the 28th law: time management problems, key customer problems, wealth distribution problems, resource allocation problems, core product problems, key talent problems, core profit problems, personal happiness problems, etc.

The law of 28 is also known as the law of 80 20 and the Pareto law (Pareto's principle) is also called Ballett's law, Juran's law (Juran's principle), vital few rule.

Also known as Pareto's law, it was discovered by the Italian economist Baledo in the late 19th and early 20th centuries. He believed that in any group of things, the most important is only a small part of it, about 20, and the remaining 80, although the majority, is secondary, hence the law of 28.

The Law of 28, also known as the Law of 80 20, the Parieto Law (Law), also known as Barlett's Law, the Law of the Most Labor-Saving, the Principle of Imbalance, etc., is widely used in sociology and business management.

80 20 The analytic method examines the relationship between two sets of similar data and is used to change the relationship they describe. One of the main uses is to uncover the key causes of the relationship – 20% of the input is 80% of the output, and to achieve optimal performance while reducing resource consumption.

If 20% of beer drinkers drink 70% of beer, then this group of people should be on the attention of beer manufacturers. Strive for these 20% to buy as much as possible, and it is best to further increase their beer consumption. Brewers may ignore the remaining 80% of beer drinkers for practical reasons, as they consume only 30%.

Similarly, when a company finds that 80% of its profits come from 20% of its customers, it should strive to make those 20% of customers happy to expand their cooperation with it. Not only is it easier than spreading the attention evenly among all customers, but it's also more rewarding. Furthermore, if a company finds that 80% of its profits come from 20% of its products, then the company should go all out to sell those high-margin products.

The second major use of the 80 20 analysis is to improve the production situation where 80 per cent of the input produces only 20 per cent of the output, so that it can be effective.

Unlike linear thinking, we should apply the 80 20 analysis systematically and carefully, because linear thinking can lead to misunderstanding of the 80 20 principle and can also lead to abuse. "Don't take it lightly that one variable is key because everyone else will focus on ......That's linear thinking. 80 20 The most valuable insight that analysis confers is always the examination of nonlinear relationships that others have overlooked. ”

The law of twenty-eight was discovered by the Italian economist Pareto. He believes that in any group of things, the most important is only a small part of it, about 20%, and the remaining 80%, although it is the majority, is secondary, hence the law of twenty-eight. The core source of corruption is that 80% of the results in life are almost 20% of the activities.

For example, if those 20% of customers bring you 80% of the performance, they may create 80% of the profit. Therefore, it is important to always pay attention to the analytical method, focus on the key points, and focus on the key things in the 20%.

The 80 20 rule is not only widely used in the fields of economics and management, but also has important practical significance for our own development.

A person's time and energy are very limited, and it is almost impossible to really do everything well. Spend 80 per cent of resources on the 20 per cent that yields key benefits, and those 20 per cent can drive the development of the remaining 80 per cent.

Problems that can be solved by the 28th law: time management problems, key customer problems, wealth distribution problems, resource allocation problems, core product problems, key talent problems, core profit problems, personal happiness problems, etc.