SLIDE 1
Do you ever feel like the smallest things have the biggest impact?
SLIDE 2
The book we’re presenting today is The 80/20 Principle by Richard Koch. This
book explores how a small portion of our actions—just 20%—can lead to 80%
of our results.
We chose this book because university is a constant balancing act—
assignments, exams, group projects—and sometimes it’s hard to know
what’s actually worth the effort. This principle felt like it could offer some
perspective on cutting through the chaos."
SLIDE 3
The roots of this idea go back to Vilfredo Pareto, an Italian economist who, in
the late 19th century, , observed that 80% of Italy’s land was owned by 20%
of the people.
This observation led him to explore similar distributions in other areas, like
wealth, where a small percentage of people controlled most resources. In the
1940s, Joseph M. Juran, a quality management expert, expanded on this
idea. He noticed that most production problems came from just a few key
causes, helping businesses focus on fixing the biggest issues instead of
wasting time on less important ones.
REVISED
SLIDE 1
"Do you ever feel like the smallest things have the biggest impact?
Sometimes, even a small action or choice can have major consequences.
Whether it’s sending a quick text, deciding to study for an extra hour, or
even skipping that extra coffee, the results can feel disproportionately large.
This idea is central to the book we’re presenting today."
SLIDE 2
"The book is The 80/20 Principle by Richard Koch. At its core, this book
explores an intriguing concept: 20% of your actions are responsible for 80%
of your results. It’s a principle that appears in productivity, business, and
even personal life."
"We chose this book because college is a balancing act. Between
assignments, exams, and group projects, we’re constantly trying to figure
out where to put our limited time and energy. Sometimes, it feels like we’re
busy for the sake of being busy, without knowing whether what we’re doing
is actually moving us forward. This principle felt like it could offer us a fresh
perspective on how to focus on what matters most while cutting through the
chaos."
SLIDE 3
"The roots of this principle go back to Vilfredo Pareto, an Italian economist in
the late 19th century. Pareto observed a striking pattern in his time: 80% of
Italy’s land was owned by just 20% of the population. He didn’t stop there;
Pareto began exploring this idea further and noticed similar distributions in
wealth, where a small percentage of people controlled the majority of
resources."
"The concept gained traction decades later, in the 1940s, when it was
generalized and applied to quality management. Experts discovered that the
majority of production issues could be traced to a small percentage of
causes. This realization helped revolutionize efficiency strategies across
industries. Over time, the principle expanded into other areas, becoming a
key framework for productivity and decision-making."
"That’s the origin of the principle. From its roots in economics to its modern-
day applications, this concept continues to shape how we think about effort
and results. And now, I’ll hand things over to my teammates to dive into
those practical applications in more detail."