Diminishing returns happen when additional input leads to progressively smaller outputs. To prevent them, allocate resources optimally, embrace continuous improvement, innovate, and regularly evaluate and adapt strategies. In our pursuit of success and productivity, we often find ourselves putting in more effort, expecting greater results. However, we may encounter a point where the additional inputContinue reading “Diminishing Returns and How to Prevent Them”
Tag Archives: The Pareto Pinciple
How to Use the Pareto Principle to Boost Productivity
Listen on Spotify. The Pareto Principle – more commonly called the 80 20 rule — was devised by Italian economist Vilfredo Pareto. He found that, in 1896, around 80% of the land in Italy was owned by about 20% of the population, and thereby realised that the minority of the population controlled most of theContinue reading “How to Use the Pareto Principle to Boost Productivity”
Make Your Biz Fizz 