Pareto 80-20 Rule

Pareto 80-20 Rule

In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country, observing that twenty percent of the people owned eighty percent of the wealth.

The 80/20 Rule means that in anything a few (20 percent) are vital; and many(80 percent) are trivial. In Pareto’s case it meant 20 percent of the people owned 80 percent of the wealth.

Other examples are as follows:

80% of your profits come from 20% of your customers
80% of the value of stocks in the warehouse comes from 20% of the items in the   warehouse
80% of your complaints come […] Read more

What is Productivity?

What is Productivity?

The dictionary defines productivity as a ratio of Output versus Input.

Example: If 10 employees can assemble 10 bicycles in 1 hour…….

Productivity increases when:

More Output with Same Input (12 bicycles produced by 10 employees in an hour)
Same Output with Less Input (10 bicycles produced by 8 employees in an hour, or 10 bicycles produced by 10 employees in 45 minutes)
Greater Output with More Input (16 bicycles produced by 12 employees in 1 hour)

Productivity increases can also come from savings on the use of materials required to produce goods or services. (Less Input).

Example:  In the past you used five pieces of rubber mats measuring 3ft […] Read more

Gurus who created an impact on me

Gurus who created an impact on me

Throughout my years of learning and working in the corporate environment, there are a number of basic knowledge and essential skills which I acquired from my list of favorite gurus stated below.

You could read about my gurus on internet to learn the fundamentals of human relations, skill in leading, skill in communication, skill in work improvement, effective workplace performance, which would enhance your supervisory/management role, as well as your role as an individual.

What is Productivity?

[…] Read more

Living in Passion with Miracle Life Pte Ltd

Living in Passion with Miracle Life Pte Ltd

I attended an intensive workshop recently not realising what the “take-away” was, other than “don’t worry, you will enjoy it” told by my friend Stephen who introduced me to the workshop.

The workshop was a gruelling 3 and half days from 9am to 1.30am.

When I found out from the trainer on the first day that the workshop was to learn to know myself better, I felt a little voice in me saying: – “WTF, I’ve lived all these years, and you want to teach me about knowing myself better”

Being an avid learner and always wanting to learn new things I held […] Read more

Story of the Old Monk and the Young Monk

Story of the Old Monk and the Young Monk

 

An old monk and a young monk were walking home from town to the monastery which was approximately three hours away. When they were about half way near the monastery they came across a young lady on the banks of the little stream.

The lady was well dressed and obviously in the rush to cross the stream to attend a function in a small village located at the other side of the stream.

She asked the monks if one of them was kind enough to give her a piggy back ride across the stream. The old monk looked at the young monk, […] Read more

My Grand Daughter

My Grand Daughter

My Grand Daughter

About 10 years ago, I was in my roadster convertible Miata MX5 with my grand-daughter Rachel. She was about 3 years old at that time, and she was a very shy girl.

She was playing with the gadgets in the dash-board, and I asked her if she liked my car.

She smiled and said nothing.

I asked her the second time if she liked my car.

She again smiled at me and remained silent.

I asked her the third time if she liked my car, and she finally spoke up and said “I like my mummy’s car”.

When I heard that I thought it […] Read more

Story of Farmer Tan

Story of Farmer Tan

Story of Farmer Tan

Farmer Tan was a pious man. He lived in a village with his wife and six children. The village was rather flood prone as it was located near the sea. Each time there was a flood he would pray for the waters to recede and within a few hours the waters would recede to the sea and the village would return to normal again.

One day a huge storm hit the village and the sky opened and rained cats and dogs. The village was flooded again and Farmer Tan prayed and prayed for the waters to recede.

The storm […] Read more

Honour your father and mother

Honour your father and mother

I found an old album containing pictures which were taken in Kinmen – 20 years ago in a drawer of my antique roll top table. They were pictures taken in 1994 when mum and I visited my father’s birthplace.

My late mother Mdm. Tan Siok Hwa passed away peacefully at the age of 87 on September 11, 2005.

She came to Singapore in 1923 at the age of 5 with her adopted parents. She worked as a factory worker in her father’s paper boxes manufacturing company at her teens, and later became a Supervisor. Although she did not go to school, she was well respected as a champion supervisor by her peers and […] Read more

Meet me at Farrer Park MRT Station

Meet me at Farrer Park MRT Station

During a recent chit-chat session on effective communication Mr. Tan shared his personal experience on what happened on an occasion when he had to meet his friend Mr. Lim at Farrer Park MRT Station.

He said that they were supposed to meet at the Entrance at 7pm to walk over to City Square Mall for a meal in one of the restaurants.

Mr. Tan arrived at the MRT Station at about 6.50pm, ahead of the scheduled time of meeting. He waited for 15 minutes at the Entrance to City Square Mall and his friend Mr. Lim had not shown up. He waited for another 15 minutes […] Read more

Dealing with people of different generations

Dealing with people of different generations

I was asked by an adult learner in one of classes I conducted recently to comment on how I would deal with people of different generations, in particular the Veterans (Born 1925 – 1945); Baby Boomers (Born 1946 – 1964); Gen X (Born 1965 – 1980), and Gen Y (Born 1981 and After).
As a facilitator, I redirected the question to the class and as anticipated there were numerous comments, views, and opinions which could be classified into three categories, viz.
(a) People who believed that there is no difference in handling the different generations;
(b) People who believed that employees of different […] Read more