TeraTech

The ColdFusion Experts: Develop | Secure | Optimize

  • Services
  • About
  • CF Alive
  • Blog
  • Podcast
  • Contact

  • Services
  • About
  • CF Alive
  • Blog
  • Podcast
  • Contact

TGIT 80/20 Principle Talk

June 3, 2009 By Michaela Light Leave a Comment

I recently spoke on the 80/20 principle at the spiritual business group TGIT – Thank God It's Thursday http://www.ambica.net/thank_god_its_thursday.html

TGIT is part Book Reading Club, part Support Group and part Mastermind Group that puts us – the participants – in touch with our Deepest Essence through sharing, reflecting on, and applying wisdom from some of the most ancient as well as today's progressive inspirational literature.

The 80/20 Principle says that there is an inbuilt imbalance between inputs and outputs, causes and consequences, and effort and results. Furthermore, a minority of causes, inputs or effort usually lead to a majority of the result, outputs, or rewards. A few things are important; most are not. Most systems have an non-linear imbalance in them where a minority of inputs create a majority of the results. This is caused by the butterfly effect – small fluctuations in seemingly minor events having a big result, similar to chaos theory. Feedback loops keep a system moving in one direction until hitting a tipping point, at which point small efforts make a big difference.

A typical example is the 80/20 relationship where 80% of results come from 20% of effort. The 80/20 numbers here are only a metaphor. The real relationship may be more or less unbalanced than 80/20. The fact that 80 and 20 add up to 100 is a coincidence. The point is that a small amount of input creates a majority of the results. It could be that 5% of your effort creates 70% of the output, or maybe it creates 90%. It is rare for the relationship between input and output to be linear or 50/50. Yet this is the assumption that many people make of all situations – that working an extra hour is worth the same as any other hour already worked.

The 80/20 Principle is inherently optimistic, however. To achieve more with less focus on the 20% of resources that really matter in terms of achievement, and let go of (or delegate) the remaining 80%.

Examples:

* 80% of the bugs come from 20% of the code

* 80% of customer complaints can be eliminated by correcting only 20% of the causes.

* 80% of the benefits will be found in the simplest 20% of the software system.

* Most software spends 80% of its time executing only 20% of the available instructions.

* 80% of memory access is for only 20% of records.

 

To learn more see the book “The 80 / 20 Principle: The Secret to Success” by Richard Koch

OR

Read the Executive Summary by Vadim Kotelnikov.

http://www.1000ventures.com/business_guide/crosscuttings/80-20principle.html

Related Posts

  • 060 Virtual Power Teams for ColdFusion Development (3 mistakes to avoid) with Peter Ivanov- transcript060 Virtual Power Teams for ColdFusion Development (3 mistakes to avoid) with Peter Ivanov- transcript
  • 084 Design Thinking for CFers (10 tips for better apps) with Dee Sadler084 Design Thinking for CFers (10 tips for better apps) with Dee Sadler
  • Everything CF Summit 2018: Real World Scenarios for Modern CFML
  • 069 Font Awesome and ColdFusion (never build icons again) with Nolan Erck069 Font Awesome and ColdFusion (never build icons again) with Nolan Erck
  • PowerPoint-to-go!PowerPoint-to-go!
  • Comprehensive list of ColdFusion Conferences 2018Comprehensive list of ColdFusion Conferences 2018
  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Tips

← Previous Post World’s First Battery Fuelled By Air
Next Post → Tuning CF 8.0.1 64 bit

CF Alive Best Practices Checklist

 

Modern ColdFusion development best practices that reduce stress, inefficiency, project lifecycle costs while simultaneously increasing project velocity and innovation.

Recent Posts

  • 4 Reasons Why Your ColdFusion Web Apps Are Suffering (And How To Avoid It)
  • Google Down – An Unprecedented Event (Save Your Data Fast!)
  • 107 ColdFusion 2021 Revealing Details on How it was Created with Rakshith Naresh
  • Into The Box LatAm 2020 Virtual Conference – Free to Register!
  • Slow ColdFusion Applications May Ruin Your Business (3 Steps to Prevent It)

Categories

  • ActionScript
  • Adobe CF Summit
  • Adobe CF Summit East
  • Adobe CF Summit East 2018
  • Adobe ColdFusion 11
  • Adobe ColdFusion 2020 Beta
  • Adobe ColdFusion 2021
  • Adobe ColdFusion Project Stratus
  • Adobe ColdFusion Security
  • AIR
  • Ajax
  • AngularJS
  • Announcement
  • API
  • Apollo
  • Auto Security Lockdown
  • AWS
  • C#
  • Certification
  • CF Alive
  • CF Alive Book
  • CF Alive Podcast
  • CF Camp
  • CF Developer week
  • CF Maintenance
  • CF Summit India
  • CF Tags
  • CF Training
  • CF Vs. Other Languages
  • CFEclipse
  • CFML
  • CFML Open- Source
  • CFObjective
  • cfquery
  • CFSummit
  • CFUnited
  • China Chopper
  • CIO
  • Classes
  • Client Highlights
  • ColdBox
  • ColdFusion
  • ColdFusion 2018
  • ColdFusion 2020
  • ColdFusion 2021
  • ColdFusion 9
  • ColdFusion community
  • ColdFusion Conference
  • ColdFusion Consulting
  • ColdFusion Developer
  • ColdFusion Development
  • ColdFusion Hosting
  • ColdFusion Security
  • ColdFusion Webinar
  • CommandBox
  • Conference
  • Cool Stuff
  • Culture
  • Cybercrime
  • Database
  • Development Approach
  • DevOps
  • Docker
  • Fixinator
  • Flex
  • Frameworks
  • Fusebox
  • FusionReactor
  • Futurology
  • Garbage Collector
  • Google Down
  • Into The Box Latam
  • IntoTheBox Conference
  • Java
  • JavaScript
  • JVM
  • Learn ColdFusion
  • Legacy Code
  • Load Testing
  • Lucee
  • Management
  • MAX
  • MDCFUG Lunch
  • Microsoft Azure
  • Mindmapping
  • MockBox
  • Modernize ColdFusion
  • Monitoring
  • Muracon
  • NCDevCon
  • New Intern
  • News
  • Node.js
  • Open- Source
  • ORM
  • Ortus Developer Week
  • Ortus Roadshow
  • Performance
  • Performance Tuning
  • PHP
  • Productivity
  • Programming Languages
  • Project planning
  • Query of Queries
  • Roadmap
  • Scalability
  • Security
  • Server Software
  • Server Tuning
  • Social Media
  • Spiral Web
  • SQL
  • Success Story
  • Survey
  • Technology
  • TestBox
  • Tips
  • Transcript
  • Trapeze Development
  • Uncategorized
  • Web 2.0
  • Web Application
  • Web Server
  • Webinar
  • Webmail
  • What is ColdFusion?
  • Whole Brain Development
  • Women in Tech
  • Work From Home

Recent Comments

  • Michaela Light on A Comprehensive Guide to Running a Successful CFML Project
  • Michaela Light on Is Lucee CFML now better than Adobe ColdFusion?
  • Michaela Light on Introducing Swansea Jack (Lucee CFML 6 announced)
  • Michaela Light on 082 ColdFusion and the Blockchain Revolution with Mike Brunt
  • Michaela Light on 082 ColdFusion and the Blockchain Revolution with Mike Brunt
  • Home
  • Services
  • About Us
  • CF Alive
    • CF Alive Book
    • CF Alive Inner Circle
    • CF Alive full resources cheatsheet
  • Blog
  • Podcast
    • Podcast Guest schedule
  • Contact
  • Sitemap

The ColdFusion Experts:
Develop, Secure, Optimize

TeraTech Inc
451 Hungerford Drive Suite 119
Rockville, MD 20850

Tel : +1 (301) 424 3903
Fax: +1 (301) 762 8185

Follow us on Facebook Follow us on LinkedIn Follow us on Twitter Follow us on Pinterest Follow us on YouTube

Copyright © 1998–2021 TeraTech Inc. All rights Reserved.