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Too many people and companies
are "dying of thirst on the bank
of a stream". Many companies
want to switch from organic
growth to
exponential one, every
manager knows the simplest
growth booster – the
80/20 Principle, yet too few
use it.
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Actionable 80/20 Insight
The
80/20 Principle asserts that 20% of high-performing inputs and
effort usually lead to 80% of outputs and rewards.
Similarly, 80% of low-performing inputs and effort
usually lead to 20% of outputs and rewards. |
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80/20 analysis helps identify
low-value activities that can be
eliminated altogether.
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For instance, status meeting on
Mondays at 9 a.m. are
high-performing in some
companies and low-performing in
others.
Similarly, some slow and
demotivating bureaucratic
procedures produce more damage
than value in many firms.
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Shift from Organic Growth to
Growth 10+
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The 80/20 Principle helps
streamline efforts,
business design,
growth, investments,
innovations, operations,
improvements, workflows,
personal productivity, marketing
and selling.
For instance,
Jack Welch, former CEO of GE
who managed to boost growth of
the corporation and increase its
capitalization 43-fold revealed
that he had focused on
3Ss –
Simplicity, Self-Confidence,
and
Speed.
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80/20
Principle of Sustainable Profit
Growth
80/20 Rule
of Customer Success
80/20 Rule
of Education |
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Play Venturepreneurial
Simulation Games
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If
you create something unseen
before,
prepare to
address challenges
unmet earlier |
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Strategic entrepreneurial
simulation games, such as
InnoBall (Innovation
Brainball) is another powerful
tool that helps achieve great
return on investment and growth
10+. For instance,
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For instance, InnoBall helped an
innovative firm enhance its business model and reduce time to market
by 18 months while helping the firm save US$2 million. |
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How to use this information
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