Parkinson's law
“Work expands so as to fill the time available for its completion” More
adages
Latest Notes
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in Business
Pareto principle (80/20 rule)
The 80-20 rule, also known as the Pareto Principle, asserts that: “80% of outcomes (or outputs) result from 20% of all causes (or inputs)” In business, a common goal of the 80-20 rule is to identify and develop the 20% of your features or products that 80% of your customers want. This reduces costs and time […] More
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Occam's razor
“The simplest explanation is usually the best one.” More
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in STEM
Murphy's Law
“If anything can go wrong, it will” In management, it is said that because of Murphy’s Law, you should “expect the unexpected”. More
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in Math
The Law of Averages
The Law of Averages is the belief that a particular outcome of a random event will occur at a frequency that is similar to its probability if the random event happens many, many times. For example, the Law of Averages says that if you roll a die 100 times, you will roll a 4 approximately […] More