Question: Explain Pareto's Principle using a couple examples to illustrate your points. (For instance, If you want to work less and make more money, you've got

Explain Pareto's Principle using a couple examples to illustrate your points. (For instance, If you want to work less and make more money, you've got to leverage the power of the 80/20 rule. Pareto's Principle demonstrates that in most things you do, 80% of your results come from 20% of your efforts.)


Provide reference(s) and citation(s) .

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Paretos Principle 8020 Rule Paretos Principle also known as the 8020 Rule is a concept named after the Italian economist Vilfredo Pareto It states tha... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!