How Leaders Make Decisions
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“A renowned business magnate Warren Buffett once said: ”You only have to do a very few things right in your life so long as you don’t do too many things wrong.” “
Dwight D. Eisenhower, Eisenhower Matrix
How Leaders Make Decisions Using 80-20 Rule.pdf
The Pareto 80/20 rule, which states that 80% of the effects come from 20% of the causes, applies to the economy just as well as it does to time management and any other field of work. The trick is not to get bogged down by numbers and percentages but to understand the core law of the Pareto 80/20 rule. That is the distribution of cause and effect.
There are 4 quadrants in this matrix. Starting clockwise, Quadrant 1 is named Urgent and Important. Those are the things you should do right now. They can be unexpected, so be ready to reschedule something to open up a time slot.
Quadrant 2, Urgent but Not Important, lists items that you should delegate or reschedule. It’s not up to you to do them. Instead, you can train other people to solve them.
Quadrant 3 is Not Urgent but Important. You have to spend enough time to do this thing, or they will become urgent. Items in Quadrant 4, Not Urgent and Not Important, are simply distractions. Ignore them or drop them altogether.
In this discussion question, think of 10 things you must complete this week and put them in a quadrant using the Eisenhower Matrix.
How important are they?
Write them in the discussion questions in 2 to 3 paragraphs by Wednesday and respond to 2 of your peers by Sunday.
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