Time management is an efficient tool of performing the tasks within a given time limit. In this context, Vilfredo Pareto found a law i.e., 80-20 law.
Origin
The law can find its roots in the year 1906. Pareto was working on finding the explanation to the economic disparities in the world. His theory had many takers and backed by various experts of that era. One of them was Dr Juran who observed that it can be applied not only to any particular field of study but also in general.
Meaning
This 80-20 rule lays the emphasis on the lesser of anything. It says that the greater of anything is the least important. As his findings states that there is a small group (20%) who owns a major share (80%) of worlds wealth. As per the law, the most significant are less in quantity. And what is in ample amount is the most insignificant.
Detailed Analysis
The time and the task management ensure that the theory fit perfectly in any condition. The stress is on the need to manage the few. This significant part would ensure the attainment of the larger part. This could be well interpretive in the super star theory. According to which efforts must be directed to...
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