Saturday, November 29, 2008

The Pareto Principle

The Pareto Principle
Have you ever noticed that you 80% of your spent time gives only 20% of your total productivity? While sometimes 20% of the time you spend achieves 80% of the desired goal! In fact what I just mentioned here is called The Pareto Principle. This principle states that 80% of the input produces 20% of the output and vice verse (20% of the input produces 80% of the output).

I am sure while you are reading these lines you are browsing through your memory, remembering examples you have experienced of this principle. Recently, I have noticed a simple Pareto Principle example. The Capital Bank places a weekly report in Al-Rai newspaper about the stock market in Jordan and guess what, the total value of 30 companies of the market is equal to 80% of the total value of the market.
So friends, from now on watch out for the Pareto Principle ;-)

Saturday, November 15, 2008

The Sandwich Technique

Turkey Sandwich

By the time you see this delicious Turkey sandwich it would have already been converted into calories thanks to my stomach. Today I am going to write here about the what-so-called "The Sandwich Technique".
Sadly, most of us had the chance to tell bad news. The Sandwich Technique helps you in doing that with the minimum possible losses. Similar to our Turkey sandwich the below sandwich helps you understand more what I am talking about here.

Sandwich Technique

First of all you say one piece of good news, after that the bad news, and once again another piece of good news. The surrounding pieces of good news (at the beginning and at the end) are there to tender the situation.
By the way, this Turkey sandwich was what I have made for my late dinner last night, Yummy!