The Cultural Practice and Career Power - Edubirdie

University:
Boise State University
Course:
BUSMGT 317 | Managing Human Resources
Academic year:

2021
Views:

121

Pages:

4
Author:

Maverick Martin

80/20 Leadership Principle 80/20 Principle • The 80/20 Principle, also known as the Pareto Principle, is a concept that suggests that roughly 80% of the results or outcomes come from 20% of the causes or inputs. • This principle is named after Italian economist Vilfredo Pareto, who observed in the early 20th century that approximately 80% of the land in Italy was owned by 20% of the population. 80/20 Principle: Prioritization: Time Delegation: Allocation: • Prioritization: Identify the 20% of tasks or activities that will yield 80% of the desired results, and prioritize those tasks in your leadership role. Focus on what matters most. • Time Allocation: Allocate a significant portion of your time (approximately 80%) to the most important leadership tasks and decisions that drive most of the your team's success. • Delegation: Delegate less critical tasks to team members while reserving your time for high-impact leadership activities.

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