« College Ain’t What It Used To Be | Main | The First Step To Great Management »
Attention HR: Vilfredo Has Our Answer
By Ron | December 1, 2009
As we all know, Vilfredo Pareto developed the 80/20 Theory in the early 1900’s. He observed that 80% of the wealth in Italy was held by 20% of the population. Since then, management gurus observed that we typically spend 80% of our efforts to get 20% of the results and that, of course, we should be spending 80% of our efforts to get 80% of the results we want.
The Paredo Principle can make our job in Human Resources so much easier and so much more effective. Most of us believe that if managers were actually “managing,” that our companies would be wildly successful and our own jobs would be easier… not that we want our jobs easier, but you know what I mean.
If we put 80% of our efforts into hiring and promoting the right people into management and keep them trained to be great leaders, most of the issues that plague us would diminish significantly – employee relations problems, law suits, etc. Vifredo would be proud of us because we would be focusing 80% of our efforts to get 80% of the results we want.
Because of this principle, I have focused much of my career on helping managers manage. I even wrote a manuscript on the subject because I felt so strongly about how important good management is. The manuscript covers 10 ways to manage successfully:
1. You have a vision and you share it
2. Effective business planning
3. Staffing for success
4. Shaping a positive culture
5. Teamwork
6. Communicating with purpose
7. Establishing a motivational environment
8. Setting exciting goals and managing projects successfully
9. Performance Management that works
10. Exceptional Customer Service
So, stay tuned. I’m going to cover each one of these management areas one by one…
Topics: HR | No Comments »