November 2000
Beginner
320 pages
7h 49m
English
Content preview from Secrets of Power NegotiatingBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 37Time Pressure
Vilfredo Pareto never studied the time element in a negotiation, yet the Pareto principle reveals the incredible pressure that time can put on a negotiation. Pareto was an economist in the 19th century. Born in Paris, he spent most of his life in Italy, where he studied the balance of wealth as it was distributed among the populace. In his book, Cours d’economie politique, he pointed out that 80 percent of the wealth was concentrated in the hands of 20 percent of the people.
The interesting thing about the 80/20 rule is that it surfaces repeatedly in apparently unrelated fields. Sales managers tell me that 80 percent of their business is done by 20 percent of the salespeople. Eventually it occurs to them that they should ...
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