In the video we explore the transformative insights of Pareto's Law. In the latest edition of "Psychology Fridays" with Lucy Trueman, founder of Trueman Change and an organisational psychologist, Lucy sheds light on the 80/20 rule, a fundamental management tool that transcends traditional psychology. This principle, rooted in the observations of 19th-century economist Pareto, reveals how a minority of inputs often account for the majority of outcomes across various domains, including business, public sector budgets, and personal habits.
Lucy emphasizes the power of concentrating on the vital 20% that generates 80% of results, thereby simplifying processes and identifying the optimal approach for impactful change management. This episode is an invaluable resource for professionals engaged in service redesign or transformation initiatives, offering practical strategies to enhance efficiency and achieve significant outcomes.
Want more insights like these? Why not book some one-to-one time with Lucy to talk about bringing psychology into your organisation to help with change?
