April 30, 2023

BCG and Bain Pymetrics: Full 2023 Guide with Practice Test

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How to make the best of the 80-20 rule

In the consulting world, the Pareto principle is not a business rule but rather a mantra. You could hear things like “We have no time to boil the ocean. I think we should apply the 80-20 rule”.

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The consulting coffee chat galateo

You have a look at your calendar and you see a meeting at 2pm, a lecture at 3pm and a consulting coffee chat at 4pm which you totally forgot about. Now, the temptation might be just to rock up straight from your lecture unprepared - it's just coffee, right? Wrong! It is not easy to get hold of consultants from top tier firms, so you need to make sure to make the best of this opportunity. As with every important meeting in your life, you need to go in prepared to approach the exchange correctly....

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