Draw on your learning to date, the course content, and your practice analyzing performance report data to answer the following questions:

Think of examples of how the Pareto Principle applies to the "vital few" of your daily decision$-$making activities.

Describe two or three daily activities that you consider to be part of the "useful many", but not part of the "vital few".

Explain how the Pareto Principle could be used by managers to effectively manage inventory, impact sales and profit goals, improve customer service, and drive overall revenue growth.

Evaluate how the answers to these questions could be used to improve your personal and professional life.