From the course: Strategic Thinking Tips to Solve Problems and Innovate
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Use the 80/20 rule for maximum impact
From the course: Strategic Thinking Tips to Solve Problems and Innovate
Use the 80/20 rule for maximum impact
- Imagine you're a marine biologist and your boss tells you to test the bacteria levels in the Pacific Ocean. Would you collect all of the water in the Pacific Ocean and then test the bacteria levels or would it be easier to get a spoonful of ocean water and just test that small amount of water? This is an example of boiling the ocean which is a phrase often used to describe trying to do too much at once rather than focusing on the more achievable goals or tasks and the best way to avoid boiling the ocean is to use the 80/20 rule. The 80/20 rule also called the Pareto Principle suggests that it's more effective to focus on the 20% of tasks or projects that will produce 80% of the desired results rather than trying to tackle everything at once. The exact proportions may vary but this rule is a useful way to maximize impact with the least amount of work saving yourself and your team from wasted time and effort. Let's look…
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