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.
Subscribe to Our eLearning Design Blogs
Get CommLab's latest eLearning articles straight to your inbox. Enter your email address below:
I am sure you all agree that launching an e-learning course can be stressful, and I can understand how it feels when you submit your eLearning product to your client with small mistakes such as spelling, grammatical and functional errors. All these mistakes happen just because of short timelines, and the end result is you get feedback from the client about those spelling mistakes and grammatical errors.
Creating eLearning course titles that appeal to the right audience and give them a clear picture of what the course will cover is quite a challenging task, but very important. In this post, we will look at some tips to frame the right eLearning course titles.
The ultimate goal of an instructional designer is to make learner-centric eLearning courses. One way to capture the learner’s interest is to start with a “big bang”. Instead of beginning the course with an explanation of the learning objectives, you can make your elearning course interesting right from the beginning using the 6 tips mentioned below.
Gen-Y people or Millennials are the people who are born between 1976 and 1998. Gen-Y people have grown-up with technology and the Internet. Gen-Y people are tech-savvy and their learning styles are different when compared to baby boomers. They learn through screens rather than books. They have the very less attention spans and usually get bored quickly.
One of the most challenging tasks of an instructional designer to engage the learner in the self- paced learning environment. Unlike a classroom training session, where an instructor engages the trainee, an eLearning course is devoid of human interaction.
Welcome to today’s post. Having recently purchased a smart watch, I sat down to see if this wearable device can be used to facilitate a learning experience. I’ve heard people complain that mobile devices are too small to be used as a complete learning solutions. If that’s the case, how does one expect to learn using the mini displays of these smart watches that hardly provide any readability? Are these devices designed only to display notifications on your wrist and measure the calories that you’ve burnt in a day? The answer is NO. Today, I’ll share some of my ideas on how these devices can be used as quick learning tools.
We see a lot of movies, TV soaps and dramas. But, how many of us know what it takes to create an entertaining program? It is a long process with several steps involving many people. Similarly, to produce a top-notch online course, we need to follow a well-defined process. In this blog, we will look at the 3 stages in which an eLearning course is made.
We often hear phrases such as learner centric courses, learner focused courses and so on. But, what exactly is a learner-centric course?
Audio plays a key role in enhancing the effectiveness of eLearning courses. It reduces the cognitive load on the learner and ensures better learning. But, how can you make sure that the audio you use in your eLearning course is first-rate? Well, efficient editing goes a long way in producing excellent audio.
E-learning designers use diferent tools and techniques to make online courses engaging. But, how can you ensure success with your eLearning courses? The answer is to use a learner-centric approach. We tend to focus a lot on making the content meaningful, adding interactivities, creating scenarios, etc. But, do we really think how relevant these techniques are to our learners?