Pareto’s Law: the Power of the Vital Few for Maximum Results

Illustration of the Pareto's Law showing a pie chart sliced into an 80% and a 20% chunk for efforts, and an arrow showing that 20% of the effort yields 80% of the results displayed in another pie chart.

Pareto's Law is also known as the 80/20 Rule or Principle. The term was coined after Italian economist Vilfredo Pareto, who observed this principle in his studies. Pareto's Law states that approximately 80% of the effects come from 20% of the causes. It suggests that a minority of inputs or factors contribute to a majority of the outcomes or results. Read on to learn more.

21/05/2023 0

Unveiling the Time Trap: the Power of Parkinson’s Law

Parkinson's Law illustrated by a woman sitting at a desk surrounded by a clutter of papers, feeling stressed while the sand is running out in a hourglass in front of her. Time is slipping away as she now feels the consequences of having expanded the workload to fill the available time allotted to her task.

The term Parkinson's Law was coined by British historian and author Cyril Northcote Parkinson in 1955. Parkinson observed that work tends to expand to fill the time available for its completion, which became known as Parkinson's Law. Read on to learn more.

20/05/2023 0

Mental Models: Laws

This section presents notable laws that influence our comprehension of life, science, and society, encompassing diverse topics from human behavior to cosmic events. Key laws include Pareto's, Murphy's, and Newton's, among others, highlighting essential principles across different fields.

09/10/2020 0

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