Pareto Principle

What Does Pareto Principle Mean?
A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put another way, 80% of consequences stem from 20% of the causes. Also referred to as the "Pareto rule" or the "80/20 rule".

Investopedia explains Pareto Principle
This principle serves as a general reminder that the relationship between inputs and outputs is not balanced. For instance, the efforts of 20% of a corporation's staff could drive 80% of the firm's profits.  In terms of personal time management, 80% of your work-related output could come from only 20% of your time at work.

The Pareto Principle can be applied in a wide range of areas such as manufacturing, management and human resources. In Pareto's case, he used the rule to explain how 80% of property in Italy was owned by 20% of the country's population.

Source: http://www.investopedia.com/terms/p/paretoprinciple.asp

Iceberg Principle

Observation that in many (if not most) cases only a very small amount (the 'tip') of information is available or visible about a situation or phenomenon, whereas the 'real' information or bulk of data is either unavailable or hidden.

The principle gets its name from the fact that only about 1/10th of an iceberg's mass is seen outside while about 9/10th of it is unseen, deep down in water.

Source: http://www.businessdictionary.com/definition/iceberg-principle.html#ixzz0z2LyJbMx

Change that appeals to emotion is likely to be more successful than the change that appeal to rational and logic.

A well-adjusted person is one who makes the same mistake twice without getting nervous.

• A memorandum is written not to inform the reader, but to protect the writer.
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• Recession is when your neighbour loses his job. Depression is when you lose your job.
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• A conclusion is arrived at a point where you got tired of thinking.
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• A crisis is when you cannot say "let's just forget the whole thing".
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• Ability is like a check, it has no value unless it is cashed.
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• A consensus means that everyone agrees to say collectively what no one believes individually.
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• According to the official figures, 43% of all statistics are totally worthless.

OK TATA

In India, chances are you could spend an entire day using products created by Tata. You could take Tata Indica (or a Tata bus or a truck, if you're adventurous enough) to the Taj hotel, turn on the Voltas aircon, watch TV bought from the Croma retail store, use TataSky to do so with electricity supplied by Tata Power, wear clothes from apparel retailer Westside, read books while lounging on cushions from multimedia and stationary vendor Landmark, check the time on your Titan watch, surf the internet with Tata Photon and make calls with Docomo, sprinkle Tata Salt on your grub using crockery and cutlery made by Tata Ceramics while sipping Tata Tea and drive out to a Taj beach resort for the weekend on a bridge constructed with Tata Steel. All this while you drink water from their Himalaya Brand. In India, brand Tata is a way of life.

Even after 142 years, Brand Tata continues to grip the consumer psyche with honesty, integrity and purpose.

Source: Brand Equity, The Economic Times, 25 August 2010

Sometimes Doing Right Things In A Right Way Is Not Right Enough

The best kind of friend is the one with whom you sit on a bench saying Nothing & when you get up and go YOU feel YOU' ve had the Best conversation of your Life !!!!!

Project Gita Saransh

Meri(My) Slam Book :)

http://www.slambook.org/fill/1377553