Give me an example of this

The Pareto principle, also known as the 80/20 rule, is a concept that suggests 80% of outcomes (or outputs) result from 20% of all causes (or inputs) for any given event. In business, a goal is to identify inputs that are potentially the most productive and make them the priority. For example, once a business identifies that 20% of its customers are generating 80% of its revenue, it could focus on satisfying these customers to maximize profit.

In terms of time management, an example could be identifying tasks that yield the most significant results and prioritizing them. If you have a list of 10 items to accomplish, two of those items will turn out to be worth more than the other eight items put together. So, focus on completing these two tasks first.

Remember, the goal of using the Pareto principle is to maximize efficiency and effectiveness.