pareto principle

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Definition

Key Vocabulary

The principle was suggested by management thinker Joseph M. Juran. It was named after the Italian economist Vilfredo Pareto, who observed that 80% of income in Italy was received by 20% of the Italian population. The assumption is that most of the results in any situation are determined by a small number of causes.Time

Word 1min 15secs

allocate 1min 33secs

input 1min 52secs

Output 2mins 11secs

Productivity 2mins 50secs

Delegation 3mins 20secs Procrastinate

Time

Function Word/Phrase 4mins 28secs

To summarise “basically, what it says is….”4mins 54secs

To expand or continue a conversation “that sounds like it can be related to….”4mins 58secs

To emphasize “it’s a really really valuable concept to talk about….”6mins 01sec

Word partnership “analyse your spend”6mins 06secs

“the most productive dollars”6mins 03secs

“free-up resources”7mins 41secs

to contrast “on the other side”9mins 47secs to agree “I’ve had the same experience”

Key phrases in the dialogue

Collocations allocate

commit

free-up valuable Resources

10mins 43secs

Vocabulary

Allocate (verb)

-to use something for a particular purpose, give something to a particular person etc, especially after an official decision has been made

?You should allocate the same amount of time to each

question.

?One million dollars was allocated for disaster relief.

?We need to allocate more resources to R & D.

Input (noun)

-ideas, advice, money, or effort that you put into a job or activity; data entry into computers

?The employees contributed a lot of the input into the survey.?Could I have your input into the land purchase?

?He never gives us any input.

Output (noun)

-the amount of goods or work produced by a person, machine, factory etc.

?Output is up 30% on last year.

?Total output was 4000 units.

?How can we get the plant’s output up?

Productivity (noun)

-the rate at which goods are produced, especially in relation to the work, time, and money needed to produce themhigh productivity levels in manufacturing

?It cost the country $4 million in lost productivity.

?Worker productivity was up in the 4th quarter.

Vocabulary

Delegate (verb)

-to give part of your power or work to someone, usually someone in a lower position than you

? A good manager knows how, what, and when to delegate.

?Minor tasks should be delegated to your assistant.

?He’s too proud to delegate anything.

Procrastinate (verb)

-to delay doing something that you ought to do, usually because you do not want to do it

?People often procrastinate when it comes to paperwork.

?He’s a procrastinator.

?Stop procrastinating and just do it!

Free-up (verb phrase)

-to allow something or someone more space or time to do something ?Once we free up Jim’s schedule, he’ll be able to meet with us more regularly.

?Free up some money and we’ll get the work done on time.

?Could we free Joyce up to do this project?

Commit resources(verb + noun)

-to give (or agree to give) money, time, or personnel to something ?They committed more resources to expanding.

?They committed too many resources to R & D.

?I can’t get him to commit any resources to my department. Phrases:

Basically, what it says is …

-a way to summarize or paraphrase

?Basically, what it says is that the movie is overrated.

?So basically, what she said was that wasn’t an accident.

That sounds like it can be related to …

-something you say to expand or continue a conversation

?That sounds like it can be related to some other issues.

?That sounds like it could be related to his family.

Vocabulary

It’s (a) really really….

-the way to emphasize what you are talking or thinking about (only spoken English)

?What she accused me of is really really ridiculous.

?It’s a really really important thing to talk about.

On the other hand

-something you say to contrast or contradict something

?It’s sweet to have a pet. On the other hand it can take too much time.

?She is a nice person, but on the other hand she sometimes loses her temper too easily.

I’ve had the same experience

-something you say to agree with somebody

?I’ve had the same experience as what you just said.

?I agree with you because I’ve had the same experience.