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Jingtian Posted 17 years ago
Vocabulary
It's a 80 20 thing
Someone says "It's a 80 20 thing" in a conference. What does it mean?
Top answer
There's something called the 80/20 rule. You get 80% of your revenue from 20% of your customers, or you spend 80% of your time on 20% of your employees, etc. Basically, 80% of what happens is a result of 20% of the stuff that's out there.
- There's something called the 80/20 rule.
- You get 80% of your revenue from 20% of your customers, or you spend 80% of your time on 20% of your employees, etc.
- Basically, 80% of what happens is a result of 20% of the stuff that's out there.
- It's also called the Pareto principle.
- I'm not sure exactly what the person was referring to, but hopefully that gives you enough context.
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2 Answers
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There's something called the 80/20 rule. You get 80% of your revenue from 20% of your customers, or you spend 80% of your time on 20% of your employees, etc.
Basically, 80% of what happens is a result of 20% of the stuff that's out there. It's also called the Pareto principle.
I'm not sure exactly what the person was referring to, but hopefully that gives you enough context.
Basically, 80% of what happens is a result of 20% of the stuff that's out there. It's also called the Pareto principle.
I'm not sure exactly what the person was referring to, but hopefully that gives you enough context.
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Thanks. It helps, and I am able to read more on the Pareto principle in wikipedia.
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