Tag Archives: productivity

The Pareto Principle also called the 80/20 rule, is named after Vilfredo Pareto, an Italian economist, and sociologist. Pareto made a pivotal observation in 1896 that in Italy, approximately 80% of the land was owned by 20% of the population. In 1951, Joseph M. Juran recognized that The Pareto Principle could be applied to variousContinue reading “Focus on 20% to Get to 80%”