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What is the best of best?

How could improve our acquiring to become the top of the top best? 

The Italy economist, Vilfredo Pareto understood by his long research that 80 percentages wealth is owned by 20 percentages of people1. Followed by that, he extended his research on the 80:20 concept and confirmed that the same is applicable in many cases, for example, 


20 % of work generate 80% result, 80 % of work generates 20% output.

20% of people acquired 80% of knowledge, 80% of people acquired 20% of knowledge.

20 % of people controlling 80% people, 80% of people controlling 20% people.

20 % of work consume 80% time, 80 % of work consume 20% time.

20% reason caused for 80% of defect, 80 % of reason caused for 20% defects.

20% of organisations produce 80% of value, 80 % of organisations produced 20% values.

20 % of employees contribute 80% revenue, 80% of employees contribute 20% revenue, So on.


This is called a 80:20 rules and it is proved. So the simple understanding is that” 20 % of best things are the world out of 80%. 

In this case where we are falling? 

Are we falling in 20% of category or the 80% of category? 

But, No mater where you fall as per present status. you can become a person in 20 % of category if you tried. 

 What is the best of best?


Picture - 1

As explained in the above picture, first-level divide 20:80, In that 20 percent of people are the level 1 best. From the level 1 20 people, again we make level 2 as 20:80 then this 20 is better than level 1. So on if we do that in many some steps and check the end. They would be the best among the best. Here no limit for acquiring. The best people always keep moving the level 20 of 20, and then 20 of 20, and then 20 of 20, so on. This we also called continual improvement.

Conclusion:

This rules is applicable in many functions i.e. Root because analysis, troubleshooting, task prioritizing, value analyzing, process analyzing, time management, cost and effect analysis, contribution analysis, So on. The great thing is not to become one of 20. It is one of 20’s 20’s... 

Bibliography:

Parmenter, David. 2007. Pareto’s 80/20 Rule for Corporate Accountants. Hoboken, N.J.: John Wiley & Sons.

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