More commonly, this principle has been called the 80/20 rule. From your own experience, you probably sense that 80% of the money at your church or synagogue is given by 20% of the people or that in your department, 80% of what really counts gets done by 20% of the people, take or give a few. The actual count may be 65/35 or 83/17 or some combination but the greater the population in the data the close to 80/20 the ratio will be.
Use of the Pareto Principle or "Pareto Thinking" should be come a way of life. Employment of the Pareto Principle improves problem-solving efficiency greatly. Rather than wasting time, energies and money on efforts to correct everything, the experienced problem-solver will focus his attention only on those few variables which are shown to account for most of the problem.
An increased ability to separate the essential from the non-essential will improve with practice, especially if that practice involves use of the actual data and not just "eye-balling" the situation. Once established this approach becomes a normal reaction to solving problems. In time an experienced "Pareto thinker" can even make quick, accurate judgment calls without taking the time to get the data.
Frequently when confronted with solving a major problem, people seem overwhelmed with the complexity of the issue, the number of variables involved in the problem, Often they are paralyzed, unable to take any meaningful action. Without using "Pareto Thinking" the task of making improvement in any process or solving any significant problem is extremely difficult and at the very least usually appears to require much more time and work than one can afford.