Thinking Magically™ | Apply the Law of the Vital Few to Your Magic
- Admin
- Apr 24, 2015
- 1 min read
“80% of success is showing up.” – Woody Allen
Vilfredo Pareto was a Professor of Political Economy at Lausanne, Switzerland and lived from 1848 to 1923. One of his observations was the fact that 80% of the land in Italy was owned by only 20% of the population or, to put it another way, the majority of wealth in Italy was owned and controlled by the effective few. This 80:20 rule has come to be known as the Pareto Principle (or the Law of the Vital Few, as I like to use it) and was originally popularized by Joseph Moses Juran (1904 – 2008) when Juran expanded the Pareto Principle to include observations such as 80% of a problem is caused by 20% of the causes.
Many, many public speakers from all industries and walks of life now tout Juran’s breakthroughs. Naturally, it has become very fashionable to discuss…
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