There are cases of the 28th rule in economic management, ask for help

Updated on educate 2024-08-08
7 answers
  1. Anonymous users2024-02-15

    <> rule of 28 is a law commonly used in economics and management, also known as the Pareto principle. It noted that in many cases, 80 per cent of the results came from 20 per cent of the causes, that is, a small number of important factors accounted for the vast majority of the results. Here are some examples of the rule of twenty-eight::

    1.The 28th rule of enterprise sales profitsThe 28th rule is widely used in enterprise sales management. Typically, 80% of a company's sales come from 20% of its customers.

    Therefore, enterprise sales management needs to focus on these 20% of customers, develop targeted sales strategies, and prioritize the needs and satisfaction of these customers. 2.The 28 Rules of Personal Time ManagementIn personal time management, the 28 rules can also be applied.

    Typically, 80% of people's results come from 20% of their time and effort. Therefore, it is important to spend time and energy on the most important things, and to cut or ignore the non-important things appropriately. 3.

    The Rule of Twenty-Eight of Product Characteristics In product design and sales, the Rule of Twenty-Eight can also be expressed. Typically, 80% of product sales come from 20% of product features. Therefore, enterprises need to focus on these 20% of product features, and devote more resources to the optimization and improvement of these features to enhance the attractiveness and selling points of products.

    4.The Rule of 28 in Financial AnalysisIn financial analysis, the Rule of 28 can also be expressed. Typically, 80% of a business's revenue comes from 20% of its products or services.

    Therefore, in financial analysis, it is important to identify these 20% of products or services, focus on the revenue of those products or services**, and put energy and resources there.

  2. Anonymous users2024-02-14

    What are the misunderstandings of the law of 28 management of slag towns? ()

    a.Exhaustive.

    b.Completeness.

    c.Divide time and energy evenly.

    d.Only focus on the key points.

    Correct answer: ABC

  3. Anonymous users2024-02-13

    80% of the wealth from a long-term portfolio comes from 20% of the investment. Choosing these 20 investments is crucial, and once chosen, pay as much attention to them as possible.

    Conventional wisdom teaches you not to put all your eggs in one basket, but the rule of 28 tells you to choose a basket carefully, put all your eggs in it, and then keep an eye on it like an eagle.

    Driven by certain factors, people always tend to buy "name brands.""Or the goods that you are familiar with, so this determines that 20, or even less than 20 manufacturers, get 80% of the profit of the market.

    According to the rule of 28, those manufacturers with advanced technology and large scale seem to be able to provide customers with more high-quality and inexpensive products, according to the theory of economists, they get the majority of the profits, but in fact they get lower profits than small merchants. In the eyes of economists, this phenomenon is not in accordance with the law and should not occur. But this is the case everywhere in our lives – and it is clear that this imbalance goes against the economists' model of perfect competition.

    In order to get a small slice of the market pie, all producers will strive to reform and avoid being eaten by the "big fish".

    However, if you understand the rule of 28 and provide corresponding products or services according to different types of customers, you may get or gradually expand more of your own "market space". Companies that make the most profits with the least amount of capital and manpower often stand out from the competition and expand their market share. They may be a larger company, or the only specialist in the segment, or they may be generalists in the industry, and they win because they do better than others in their field.

  4. Anonymous users2024-02-12

    The rule of 28 is also applicable in the process of warehousing operation, which generally adopts the thinking of problems that have occurred, and the following will be an example of how to apply the rule of 28 to the problems in the operation process. Equipment loss: Find out the most common types and models of equipment that are consumed, carefully analyze the causes, find out the most important key, and save the most expensive equipment.

    Picking error problem: Summarize the documents of picking errors in this month's order, analyze the reasons one by one, summarize and summarize where the most important reasons are, summarize them, and make great efforts to solve them. Cargo Breakage Problem:

    The damage to the goods is analyzed through various dimensions such as the reservoir area, the first merchant, the consignee and the operator, so as to find out the main cause of the damage to the goods and actively deal with them. The results of the analysis using the 28 principle may not be the real main cause of the incident, because sometimes some analyses and hypotheses lack the corresponding data basis. However, using the 28 rule to analyze and try to solve problems is also one of the main ideas, and its advantage is that it can help managers find problems more quickly and accurately, and solve them quickly.

  5. Anonymous users2024-02-11

    Human Resource Management: The 28 rule also applies to human resource management. The productivity and future growth of an organization often depends on a small number of key people who can help the business capture the majority of its profits.

    Most of the people who contribute to the growth of the company, they seem to be very busy, but they do not create much value for the development of the company. To find a key minority, it is necessary to establish an effective income distribution mechanism to prevent the loss of key personnel. What are the 20% backbone strength, 20% of the key products, 20% of the key customers, 20% of the key information and 20% of the key projects?

    Then focus your efforts on this 20% and take effective follow-up measures. Interpersonal Relationships: More than half of the people I know are general acquaintances.

    A small fraction of interpersonal relationships equals most of the emotional value, and a small number of deep interpersonal relationships are better than broad and superficial interpersonal relationships. Therefore, about 80% of the time should be spent on the interpersonal relationship of 20% of the important people. Life Planning:

    There may be many human specialties, but very few really make a difference. Therefore, you must be good at mastering your own strengths and look for things that you like very much, are very good at, and are not too competitive to do, and you will definitely gain something. Only by finding the most crucial things in life can you have a successful life.

    In arranging your own time, you can only do something if you don't do something. We should concentrate our time and energy on key people, key links, key positions and key projects.

  6. Anonymous users2024-02-10

    Pareto has argued that 80% of wealth in Italy is owned by 20% of the population and that this economic trend is universal. Later, it was discovered that there are many things in society that have developed towards this track. There are many experts around the world who are using this principle to study and explain related topics.

    For example, this principle has evolved over the years into what is known today as the "80 20 Principle", that is, 80 percent of the value comes from 20 percent of the factors, and the remaining 20 percent of the value comes from 80 percent of the factors. The Pareto principle refers to the fact that the world is full of imbalances, such as 20% of the population owns 80% of the wealth, 20% of the employees create 80% of the value, 80% of the income comes from 20% of the goods, 80% of the profit comes from 20% of the customers, and so on. This imbalance can also be called the rule of twenty-eight.

    The law holds that resources always self-adjust in order to minimize the amount of work.

    If we grasp the 20 percent of the problems that play a major role, the other 80 percent of the problems will be easily solved. Therefore, in the work, we must learn to grasp the key minority, and use 20% of the energy to get 80% of the return. Therefore, this law is also called the law of labor-saving.

    Barrett's Law, 80-20 Rule, Pareto Effect, 80 20 Principle, Least Effort Rule, Imbalance Principle, Pareto Law, 28th Law, and Key Law were discovered by Italian economist and sociologist Pareto, and were initially limited to the field of economics, and later this law was also extended to all fields of social life, and was deeply recognized. The Pareto rule states that in any large system, about 80% of the results are produced by about 20% of the variables in that system. For example, in a business, usually 80% of the profits come from 20% of the projects or important customers; Economists believe that 20% of people hold 80% of wealth; Psychologists believe that 20% of people have 80% of their wisdom concentrated, etc.

    Specific to the area of time management, it means that about 20% of the important projects will result in 80% of the total work output, and in many cases, the first 20% of the work will bring 80% of all the benefits. The lesson of the Pareto law for us is that great wisdom does not worry, and great ingenuity does not do anything.

    Avoid spending time on trivial issues at work, because even if you spend 80% of your time, you will only achieve 20% of the results, and doing inconsequential work well is the most time-wasting. You should spend your time on the few issues that matter, because by mastering these few issues, you can achieve 80% of the results in just 20% of your time. If you catch 100 small fish, all you have is a bucket full of fish, but if you catch a whale, you will be in vain.

  7. Anonymous users2024-02-09

    A management fable that vividly illustrates and overturns the "Rule of Twenty-Eight".

    Eel fry farming used to be a difficult and risky business, and it was often a matter of luck. The reason is that the survival rate of eel fry has always hovered at a low level, and the survival rate can reach 20%-30% when you are lucky, and it is not even 20% if you are unlucky. The results of the analysis by the professor of Agricultural University show that:

    20% survived and 80% died, which is completely consistent with the "28 rule" they advocate, which is the objective law of nature, and it is recommended to support the idea of focus, raise the 20% who can survive, and sell it at a good price to achieve profit.

    A farmer's son who went to college harvested a philosophical management idea in a lean class of a practical expert, that is, in the management work, the "28 rule" is used to subvert, if you obey the "28 rule" as a result, it is a manifestation of the manager's incompetence and inaction! This sentence touched the young man's heart deeply, and when he returned home, he began to study carefully and deeply, paying attention to the movement of the eel fry at each feeding. After many observations, it was found that:

    Every feeding is an out-and-out hard battle for many eel fry, and they instinctively rush up in order to eat the fish food smoothly. Those who are more physically fit can always rush to the top and eat fish food smoothly, while those who are slightly less physically fit will have a hard time surfacing to the surface. After a few rounds of fighting, a batch of eel fry will eventually lose the slightest strength to float, and they will be starved to death at the bottom of the pond for several days.

    Eventually, the young man came up with a simple and easy way to solve this problem by using stirring (installing mixing blades at the bottom of the fish pond and flushing the water from the center of the bottom upwards to allow the water in the fish pond to form a convection current) at each feeding. As long as the stirring force is so strong that even the good eel fry cannot resist, all the eel fry will be pushed to the surface by the current, and the fish food will be easily and evenly eaten. The result of such an improvement is very gratifying, because the survival rate of his eel fry has increased to more than 90%, which has become a benchmark ...... for everyone to learn from

    From this story, we find that it is very wrong to obey the fatalistic arrangement of the "28 Rule" in management. Therefore, the purpose of management is to abandon elitism, advocate full participation, and promote the development of enterprises by stimulating the enthusiasm and wisdom of all employees, and subvert the "28 rule".

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