Just Plain Bill
Pareto Principle
I’ve
always liked the way the name Vilfredo Pareto sounded, the Italian economist
after whom the Pareto principle
is named. The smooth, effortless, flow and rhyme of the gentleman’s name
invokes imaginings of a colorful dance step, or perhaps a recipe for some
delicious pasta!
And I’ve
always believed we can continue to learn far beyond the end of formal education.
I was blessed with the opportunity to learn a great deal while working with the
Quality Circles program during my employment with Bank of America in the early ‘80s,
The Pareto principle was just one subject we mastered as we taught employees various
strategies and reporting skills related to this bank-wide program of quality
improvement.
I pondered
how this 1800s principle might apply to this day.
I know I’m
continuously fascinated by how 20% of the students I teach, whether youngsters
or adults, are often responsible for 80% of "problems": Lack of
respect for authority, relentless talking or touching others, talking back, failure
to follow directions, etc.
One more thing I know for sure is that 80% of my efforts in creating at
least one blog per week is usually tied up in its last 20%, the final details, discovering
just the right way to get my point across – before realizing once again that
when all is said and done that it’s you, my reader, who will make the
determination whether I’ve been successful.