Manoj Kondreddygari’s Post

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Digital Growth Strategist | Driving ROI through Data-Driven Marketing

Imagine you are a farmer with a bountiful crop to harvest, but you have limited time and resources. How do you decide which crops to focus on? Do you spend an equal amount of time on each crop, or do you prioritize the ones that yield fast and provide the most significant returns? What is this called: This phenomenon is widely known as the 80/20 principle or Pareto Principle. Why it Matters: The Pareto Principle states that roughly 80 percent of work results — or output — are produced by 20 percent of the work effort, or input. It should be noted, however, that the 80/20 principle is a simplification, and in reality, the ratio tends to differ — for example, it could be 70/30 or 99.9/0.01. When it comes to the farmer's crops, 80% of the harvesting comes from the 20% of the crops. So, it makes sense for the farmer to prioritize those crops that yield significantly more returns. This principle can be applied to your personal day-to-day activities and your business as well. Read the blog in the comments for more. #business #timemanagement #performance #personaldevelopment #entrepreneurship #businessboost #business101

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