Mastering the 80/20 Rule: Real-World Applications of the Pareto Principle at Work
What Is the Pareto Principle? The Pareto Principle, commonly known as the 80/20 Rule, suggests that 80% of outcomes result from 20% of causes. This concept, introduced by Italian economist Vilfredo Pareto, originated from an analysis of wealth distribution. Over time, it has been widely adopted across fields such as business management, productivity, economics, and … Read more