The 80/20 principle talks about an inherent disparity between cause & outcome and effort & results. It explains that a minority of causes, i.e. 20%, effort, lead to a majority i.e. 80% of the rewards. To use the 80/20 rule, an individual should identify his or her current prospects and exploit them to its potential. This rule helps you identify the triggers allowing you to utilize the maximum power to the most dynamic forces and banishing any negative influences.
To harness the power of the 80/20 principle in your personal life, the two things you should do are:
- Identify key happiness triggers (20%) and
- Ditch the activities (80%) that provide little or no satisfaction
Some ways where you can apply the 80/20 principle:
- Foster important relationships
- Focus on memorable moments in your important relationships
- Read few and important books
- Let go of unused stuff
- Learn to use the tools you need the most
- Do away with meaningless activities
- Concentrate on your strengths
- Save for major expenses
- Do away with unproductive sources of income
- Make most of your productive time or condition
If you view your business from the 80/20 rule, you’ll realize that a handful of customers account for the major part of your income. These customers are long term users who benefit from your services.
To apply the 80/20 rule at work, find products or services that generate the most income (20%) and let go of the remaining (80%) products or services that provide secondary benefits. As a manager, you should work hard on essentials that work for you. That is, you should spend your time attending to those business segments that make the most of your core skills and leave the tasks that are beyond you to other people (20%). By letting go of bad clients and focusing on selling and improving service to the best clients, your business will flourish.
The message of the 80/20 principle is simple—focus on activities that produce the best outcomes for you, professionally and personally.
Do share your thoughts on the same.
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E-learning is a cost-effective and an easy way to train employees, when compared to the traditional methods of teaching. So, most of the organizationsare using eLearning to fulfill their training needs. The healthcare industry makes extensive use of the online training medium.
Training managers put a lot of effort while rolling out an eLearning project, as it involves many complex tasks.
As an eLearning professional, I often work with many training managers and admire their managerial skills. It involves a lot of work like training needs analysis, collecting content, dealing with Subject-matter Experts (SMEs) and developing the course for the stakeholders and learners.
Every organization needs to use their resources well to meet business goals and enhance productivity. As we know, the pharmaceutical sector is highly regulated and non-compliance to applicable laws and regulatory norms could be costly. So, you have to train your employees about rules, regulations, standards and recommended guidelines to avoid mistakes.
In my last blog, we have seen how E-learning, webinars and Mobile apps can be used to impart product training. In this blog, we will look at some more methods.
E-learning is the continuous process of learning through electronic media. Instructional design is a systematic process of learning, and this learning facilitates achievement of the intended goals. Many think that instructional design is all about using technology, but this is not the case.
“A major challenge we face today, therefore, is to create a desire in people to learn; and to foster and facilitate this desire throughout their lives.”
- Bryn Holmes(Author, eLearning Concepts and Practice, 2006)
One of the most important factors for organizations to succeed in today’s competitive landscape is the speedy launch of new products. The time-to-market of new products is critical to survive and succeed. Furthermore, the life cycles of most products are getting shorter due to rapid advances in technology.
On the other hand, if your sales employees are not rightly trained on your products, they will not deliver the right message to your potential prospects making it a competitor’s gain.
We all have a child in ourselves, energetic, fun loving and having zeal to explore and win games. In this state, we learn the best because our emotional state is very positive and retention of learning will be at the peak.
How do we bring out the kid in ourselves, while learning a new skill or acquiring knowledge?
Introducing new processes and software applications can be quite a daunting task. Employees are not receptive to change and teaching all the details and minute steps can be time consuming. Conducting classroom sessions might not be a very beneficial solution. Learners will need to set aside time from their busy schedules, and often, this might not be feasible. The limited number of facilitators will also slow down the learning process. Facilitators will also need to travel extensively to teach learners spread all across the globe. All these arrangements take up considerable efforts, time and financial resources.
I would like to pick your brains with a quick question on compliance assessment.
In your experience with assessing compliance topics, is it OK to let learners keep repeating a quiz until they achieve 100%?