Friday, April 13, 2007

What is Your 20%?

Most individuals in that are in leadership roles have an understanding of the 80/20 rule. Just for the purpose of this post I will quickly summarize it. The 80/20 rule is the rule that 20% of your actions, efforts or work will result in 80% of your success, results, etc. From a sales perspective this could mean that 80% of your sales will come from 20% of your customer base. At a higher level it could mean that 80% of your throughput will come from 20% of your operations. Obviously, clear identification of your own personal "20%" is going to have a major impact on your success as a leader. As a leader, it is important to continually (if not daily) ask yourself, "What does my 20% need to be today?" Once these items are clearly identified, you will know where to invest your time and efforts to generate the greatest impact towards the accomplishment of your goals.

Given the hectic pace and speed of today's professional environment it can be easy to lose this focus. I can tell you from my own personal experience that staying on course and focusing on the "20%" can be a tough assignment when you are in a role that requires having a lot of balls in the air at the same time. I can also attest that if done successfully, focusing on your "20%" will have a very positive impact on your own personal productivity and your ability to lead the individuals who are on or support your team. Another important piece of the 80/20 rule that I like to utilize, but is not often attached to this theory is delegation. If a task falls into your 80% and could potentially be completed by someone who reports to you, delegate the task. This is especially true if the assignment will result in that individual experiencing professional development.

When was the last time you completed a personal 80/20 assessment? Try this out over the course of a few days and let me know if it aids in your ability to have a positive impact in your leadership role.

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