Tuesday, June 13, 2006

Your Key 20 Percent by Bert Webb

Your Key 20 Percent

80_20aOne concept that I try to incorporate into my life on a continual basis is the 80/20 rule. It just makes so much sense. Stating that 80% of the profit of anything comes from 20% of the work or effort, this concept is also known as Pareto's Principle and is named after the Italian Economist who discovered it. It closely holds true in many different contexts:

  • 80% of one's income comes from 20% of one's clientele
  • 80% of customer complaints come from 20% of a store's customers
  • 80% of a school's discipline problems come from 20% of the students
  • Cleaning 20% of one's house brings 80% of the satisfaction found therein
  • You gain 80% of the knowledge in a book by reading only 20% of it
The exact percentages are never exactly 80/20 and fluctuate from example to example, but they will be close. In our quest to be more productive, this concept holds the key to real success.

Each of us brings a variety of talents and skills to our chosen profession.
But there is usually one skill — or set of skills — at which we are especially proficient that makes us successful at work. Some have estimated that of all our skills, talents, and abilities, this one set, at which we are extremely proficient, comprises approximately 20% of our total abilities. This 20% results in 80% of our personal effectiveness.

To truly excel, one should identify which of our skills comprise our key 20% , focus our improvement efforts on them, and use and exploit them to our — and our employer’s — benefit.
In other words, we specialize. We don’t ignore our skills that lie outside that 20%. If we did, they would wither and atrophy, robbing us of an additional 20% of effectiveness. The other 80% is, instead, outsourced or delegated. Here are some examples:

  • Those chefs on the Food Network concentrate on the cooking while assistants set up, clean up, and do the dishes.

  • The surgeon focuses on the surgery and a subordinate physician closes.

  • The entertainer sings while the graphic artists, sound engineers, financial
    managers, and agents make CD artwork, edit the sound tracks, pay the
    singer’s bills, and schedule and promote personal appearances.

  • Fighter pilots fly the missions and work on improving their flying abilities
    while maintenance crews maintain, repair, and refuel the aircraft.

When one concentrates on his or her 20% spike, not only does productivity and efficacy improve, but one becomes a more valuable commodity within the organization. More respect is given and a greater latitude is offered as one goes about their assigned tasks.

In my organization, one particular supervisor is well known for driving morale down, putting fear in the hearts of employees, and increasing employee turnover. She is still highly respected within my organization because of her 20% spike. She is a turn-around specialist. Give her a poor performing department and it is known that within a short time, she will turn it around and into a high performance award-winning machine that other departments envy. She stays a short time, produces the results, and then moves on to the next challenge. Her effect on staff and morale is forgiven. She is highly valued and is given one challenging department after another. Others handle clean-up.

Look at your profession and responsibilities.

What is your key 20%? How can you build on and improve it?

What less important things can be delegated or outsourced to give you more time to work with and improve your 20%?



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Here are a few quotes of inspiration and some food for thought about work and life ... CARPE DIEM (seize the day)

"Networking is more than meeting the right people. It's about connecting with their purpose and helping them achieve their goals. It's about connectin them with their success."

  • Craig Elias: Canada's Mr. Networking
  • "So you ask “what can I do to build confidence in myself”? Start by discovering who you are (your Personal Brand), which will allow you to understand what you need to do in order to gain this confidence you seek. Once discovered, it is all about repetition, through telling yourself that you are unique and “you have nothing to lose.” Saying this will help you be more outgoing, which translates into confidence."

  • Dan Schawbel
  • "Our subconscious minds have no sense of humor, play no jokes and cannot tell the difference between reality and an imagined thought or image. What we continually think about eventually will manifest in our lives. Unfortunately most of us are completely unaware of this fact and we do not monitor our thoughts with the care needed so that we can create in our lives the results we say we want. Since the great majority of people do not feel worthy and deserving of abundant good fortune, radiant good health and total success in all areas of their lives that overriding thought pattern controls the results people get. The first order of business of anyone who wants to enjoy success in all areas of his or her life is to take charge of the internal dialogue they have and only think, say and behave in manner consistent with the results they truly desire. - Sidney Madwed

    "You cannot escape the results of your thoughts. Whatever your present environment may be, you will fall, remain or rise with your thoughts, your vision, your ideal. You will become as small as your controlling desire; as great as your dominant aspiration." - James Lane Allen

    "In football you always get judged on your last game. Whoever you are, or how amazing you are, it's the last game that everyone has seen." - Thierry Henry

    "80% of the stuff you get you are never going to need again. 20% you do need, and you need to prioritize its importance."

  • Julie Mahan
  • "It takes half your life before you discover life is a do-it-yourself project." - Napoleon Hill

    "The only thing that doesn't change is change itself." - Heraclitus (You can't step into the same river twice, the old Greek said, because the water keeps moving. - If you're clinging to your old reliable tools, you're not just standing still, you're actually moving backwards from the point of view of those who are moving on with the river of technological change.)

    "The secret of man's success resides in his insight into the moods of people, and his tact in dealing with them." - J. G. Holland

    "To put distance between you and your competition, you must become more VALUABLE... not just more PRODUCTIVE."

  • E. R. Haas
  • "When one door closes another door opens; but we do often look so long and so regretfully upon the closed door, that we do not see the ones which open for us." - Alexander Graham Bell

    "Successful people are not necessary smarter than anyone else, they are simply more effective."

  • Ross Mackay
  • "You'll never achieve real success unless you like what you're doing."

  • Dale Carnegie