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Originally Posted by ratbastid
The theory goes that 80% of consequences stem from 20% of causes.
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If this definition of the Pareto Principle is accurate, then that means that there is a 100% of consequences
as well as a 100% of causes.
A worded formula for this would be that 100% of consequences are the result of 100% of causes.
Is this accurate?
If it is, then the formula could also say that 80% of consequences are the result of 20% of causes.
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Originally Posted by ratbastid
If you could identify the "vital few" 20% and only took those actions, you could theoretically realize 80% of the result you'd realize by taking 100% of these hypothetical actions.
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I have identified my "vital few" as my focus on the goals I want accomplished (20% of my efforts.) Having done that, then theoretically, I have accounted for 80% of the result, which I have identified as success, I would have realized by taking 100% of my actions, which I have defined as efforts.
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Originally Posted by ratbastid
It's commonly misused to imply that the same outcomes can be realized with 20% of the effort--which isn't at all what the theory says.
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This is not what I am saying. I am looking at my effort as a whole, because effort is whatever I put into it. Then, out of whatever amount I decide to apply, I am defining that my focus on my goals is the 20%.
I am not saying that all I have to do is place 20% of my effort and I will get 80% of my success rate. I am saying that specificaly "the focus on my goals" will account for 80% of whatever output my success is.
I am not picking on you ratbastid, it is just that you have the most understanding of the Pareto Princapal thus far so I am explaining myself based upon my understanding of your understanding.
Realize that I have not done much research on the Pareto Principal, my beliefs are based off of material I have heard. Including your explanation.
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Originally Posted by ASU2003
I saw that Larry King, and it is an interesting concept. It is kind of like the 7 Habits of Highly Effective People book. You don't really need to plan out your day, you just need to apply yourself to areas that will make your life better.
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I own the book but have to finish my current read before starting it. Maybe it will move up a few slots in the queue.
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Originally Posted by iccky
It's important to note that the Pareto Principle is NOT some kind of scientific law, but rather a rule-of-thumb principle that is easy to misuse. It was not developed by famous economist Pareto. It makes intuitive sense, but doesn't necessarily apply in all situations.
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According to Wikipedia: "management thinker Joseph M. Juran" discovered the Pareto Principal.
Also according to Wikipedia a man by the name of Richard Koch teaches how to apply this principal in all walks of life, so I am not the first person to apply this stuff.
I have also read about the Principal in my Operations Management book used in Total Quality Management (TQM.) You figure if multi-billion dollar coorporations use this principle, it has more credibility than just a "rule-of-thumb."
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Originally Posted by iccky
I point this out because the real danger I see in self-help phenomenon like this is when we start to treat them like scientific law. What the authors offer is that this is a way of looking at life that helped them, and might help you.
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Right, but this particular self-help method that I am using is rooted in from Scientific Law. The Law of Attraction.
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Originally Posted by Sweetpea
I just have one question.
Are you happy?
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Sometimes yes, but happiness is not permanant, it is an emotion. Emotions only last in the human body for like 8 seconds before another emotion can take its place.
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Originally Posted by Sweetpea
If you feel following this program is going to make you a happier, more fulfilled person, then by all means, follow it.
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Which is why I am currently implementing it in my life.
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Originally Posted by Sweetpea
it appears to me though... that you are looking for something in it that you think you are lacking in your life.
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Yes, structure. At the moment, I have a lot of freedom, which means I have a lot of free time on my hands. It is difficult for me to be productive with that time. I see life as something that I do not have very much of. If I do not have a skeleton of time to place myself into, then I will spend more than half of my time contemplating what I want to do with that time, thus wasting a lot of it.
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Originally Posted by little_tippler
Just one little question - where does work fit into all this?
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For now work falls under buffer. It makes it so I have liquid finances to distribute where I choose in the future.
However work is not the only way to make money, which is why we "work" right?
You can have fun playing poker, I personally do not, and come out with money in the end. But that creates a profession of being a poker player, which becomes a "job," which is grounds for an entire new thread.
I am in the works of starting my own business, so "work" will not be much of a factor. It will just be life.