Pareto Principle and its Examples

The Pareto Principle, also known as Pareto Rule or 80/20 Rule,  

 Principle that specifies that 80 percent of consequences come from 20 percent of the causes, or
an unequal relationship between inputs and outputs.
 This principle serves as a general reminder that the relationship between inputs and outputs is
not balanced.
 Not solely sticking to the “80/20”, the point of the Pareto principle is to recognize that most things
in life are not distributed evenly; thus, making decisions on allocating time, resources and effort
more efficiently.

Examples:
 In terms of personal time management, 80 percent of work-related output could come from only
20 percent of your time at work.
 The efforts of 20 percent of a corporation's staff could drive 80 percent of the firm's profits.
 In a software company, 20% of the bugs cause 80% of the program crashes
 In a printer company only 20% of the well-known features cause 80% of the printer usage
 Rather than spending 3 hours reading 3 complete articles in depth, spend 5 minutes glancing
through 12 articles (in 1 hour) and then spend an hour each on the two best ones (in 2 hours).
 Instead of agonizing 3 hours on a single design, make 6 layouts (30 minutes each) and pick your
favorite thereafter.