During family dinners in my household, we’d all bring an item from the kitchen to the table. None was exempt from this ritual. No matter who cooked dinner that night, everyone ended up contributing to the meal because of what they brought to the table. What they brought was incidental–the fact they brought something was what was important.
The same applies in a work environment–especially in meetings. We all have different things we bring to the table. What we bring often depends on the role we have in the organization or the area of expertise we apply every day to our work. None of these are really any different than setting a dinner table – every part of the meal is important.
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The 80/20 Rule can save massive amounts of time and energy when properly understood and applied. As with many observations described as rules, failing to understanding the operating principles underlying the 80/20 Rule leads can lead to some pretty academic debates about its veracity, which ultimately leads inaction.
Repopularized in Tim Ferriss’ The 4-Hour Workweek, the 80/20 Rule is a shorthand term for a series of observations made by an Italian political economist in the 19th Century, Vilfredo Pareto (hence the other name for the 80/20 Rule, the “Pareto Principle”). He noted that 20% of Italy’s population owned 80% of its wealth. He saw this reciprocal distribution play out in other domains: 20% of all of the pea pods sown in the ground produced 80% of the peas, for instance. But just how universal is the 80/20 Rule, and can you apply it in your work and life? Keep Reading…
So you’re about to launch. You’ve done a great job planning and executing this project. And you’re almost ready to unveil your baby to the world.
And this is when people start coming up with new ideas and suggestions. Often it’s a major decision maker such as your boss who thinks a new feature or two is needed. Do you rework everything? How do you consider everyone’s feedback and respectfully decline the advice? That all depends on many factors. In the end, you need to decide what’s the gain. And some of that advice comes from someone you can’t ignore.
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