Pareto Principle (80/20 Rule)

  1. If a business finds that social media ads generate the majority of leads compared to other channels, they should focus more resources on optimizing and scaling those ads.
  2. Customer Support: 80% of customer complaints typically come from 20% of recurring issues. For example, if a software company identifies that most support tickets are due to a specific feature or bug, addressing that issue could reduce support costs and improve user satisfaction.
  3. Productivity in Task Management: 80% of your results come from 20% of your tasks, so prioritize the most important activities. For example, a project manager might focus on key milestones that directly impact the project’s success, rather than spending time on low-impact tasks like formatting reports.