The Pareto Principle (80/20 Rule)

Kaizen Principles Addressed High Yield Learning Definition Vilfredo Pareto was an economist who had the idea that there was an asymmetry between inputs and outputs. He described how 80% of the wealth in his country was held by 20% of the people. This became known as the Pareto Principle or the 80/20 rule. Examples 80%[…]Read More

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