Ep-016: Price’s Law and how 80/20 plays into group productivity

Episode Summary

If you are part of a team—in your job or business—then it might interest you to know about Price’s Law. This law states that 50% of productivity in a group is produced by the square root of the number people in the group.

In 80/20 terms, most of the value in a group (or even company or industry) is produced by a relatively small number of people in the group.

In this episode, explore Price’s law—what it is, how it plays out and how to apply it to your own life for max results.

Some of the main points—The Vital Few (TVF) Timestamps:

Definition of the law (2:00)

History and some nerdy stuff (06:34)

Applying Price’s Law—3 key takeaway lessons for Leaders (13:50)

Applying Price’s Law—takeaways and strategies for individuals (20:45)

TLDL and wrap up (29:44)

Notes and References

Derek Price and the origins of Price’s Law:

Little Science, Big Science—book by Derek J Price

https://link.springer.com/article/10.1007/BF02016632

My content on Parkinson’s Law:

Short video: https://anthonysanni.com/productivity-shorts-been-thinking/parkinsons-law-sense-of-urgency

Article: https://anthonysanni.com/blog/is-this-the-reason-you-are-missing-deadlines

Deep Work book reference: Deep Work, Book by Cal Newport

Anthony’s Book: The Law of The Vital Few