“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln ” Luck is what happens when preparation meets opportunity.” – Seneca Once upon a time, there was a very strong woodcutter. He asked for a job from a timber merchant, and he got it. The pay […]
A Story: A water bearer had two large pots, each hung on each end of a pole which he carried across his neck. One of the pots had a crack in it, and while the other pot was perfect and always delivered a full portion of water at the end of the long walk from […]
The need to manage a day through the elimination of non-value, redundant task is often forgotten. This is a very important step for effective time management. The time saved by eliminating non-essential and redundant tasks can be used for personal development or as a gift to yourself so as you can enjoy with your family, […]
Statement and Explanation of Parkinson’s Law: In 1958, C. Northcote Parkinson wrote a satirical book describing human behaviour. The book was entitled, Parkinson’s Law: The Pursuit of Progress and is the source of the well-known law: “Work expands to fill the time available for its completion.” One everyday example given in his book is that of […]
This law is also called the law of the vital few, and the principle of factor sparsity.It states that “for many events, roughly 80% of the effects come from 20% of the causes”. It is a common rule of thumb in business and economics. Examples of the 80/20 rule (Pareto principle): 80% of your profits come from 20% of […]