The Pareto Principle

· by Mr. Me · General, Theatre · 3 comments

The pareto principle, sometimes known as the 80-20 rule, the law of the vital few, or the principle of factor sparsity, states that for many events, roughly 80% of the effects come from about 20% of the causes.

It's a common rule of thumb in business...  80% of the sales come from 20% of your clients, for example.

The principle has its basis in economics.  Italian economist Vilfredo Pareto noticed that 80% of the land in Italy was owned by 20% of the population.  It has also been noted that the richest 20% of the people in the world have about 80% of the world's income.

It seems to have application everywhere.  One might guess that they wear their favorite 20% of their clothing 80% of the time.  Microsoft noted that fixing 20% of the bugs in their software resulted in an 80% reduction in errors and crashes.  My favorite, late director, Syd Riggs, even applied this to stage combat.  The person giving the action was responsible for 20% and the person receiving the action was responsible for 80%, making stage combat much safer.  (Or did she say 90-10?  I wish she were still alive so I could ask her. )

The one that's bugging me today, though, is that, according to my dentist, they perform 80% of their work on 20% of their patients.  And yes, I'm in that wonderful 20%.

Ugh.

3 comments

Comments are closed. These are preserved from the original blog.

  1. AmandaStretch

    My post was funnier.

  2. Giggles

    If you can apply it to my education career, I'll give you five brownie points.

  3. T.J.

    Giggles - 20% of your student retain 80% of what they are taught. :P
    Mr. Me - Having stage combat experience, I have basically heard that same principle in the 80/20 methodology. Though if you can get 90/10 you are sure to be safer.