journal: mac

The 80/20 Rule and Apple

Here’s a quick one.  What’s really cool about economics is the 80/20 rule.  It came about when “economist Vilfredo Pareto, who observed that 80% of property in Italy was owned by 20% of the Italian population.” http://en.wikipedia.org/wiki/Pareto_principle

I was going to write how it applies to Apple.  Then I read the full definition in an article from Wikipedia.

“Certain common applications of the principle misunderstand the original intent and are not, by themselves, credible. For instance: “20% of individuals in an organization perform 80% of the work.” Or: “20% of our advertising creates 80% of our increased sales.”

I misinterpreted the Pareto Principle and thus, I cannot say that perhaps 20% of Apple’s work is Ives or even Jobs.  Perhaps that 20% is Steve Jobs himself, perhaps not? 

Either way, with wise class, Steve Jobs has asked Apple developers from its latest gadgets to stand up at recent keynotes, including MWSF 2005 IIRC.  For breaking the 80/20 myth and sharing credit, I applaud Steve Jobs.

~Bryan


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