20 percent of your priorities will give you 80 percent of your production,
IF you spend your time, energy, money, and personnel on the top 20 percent of your priorities.
Every leader needs to understand the Pareto Principle in the area of people oversight and leadership. For example, 20 percent of the people in an organization will be responsible for 80 percent of the company's success. The following strategy will enable a leader to increase the productivity of an organization.
Determine which people are the top 20 percent producers.
Spend 80 percent of your "people time" with the top 20 percent.
Spend 80 percent of your personal development dollars on the top 20 percent.
Ask the top 20 percent to do on-the-job training for the next 20 percent.