What Is The 80 – 20 Rule (pareto Principle)?
January 27, 2023 ⚊ 1 Min read ⚊ Views 104 ⚊ BUSINESSThe 80-20 rule, also known as the Pareto principle, states that roughly 80% of the effects come from 20% of the causes. In business, this principle can be applied in a variety of ways. For example, it may suggest that 80% of a company’s revenue comes from 20% of its customers, or that 80% of a company’s sales come from 20% of its products. Similarly, it may suggest that 80% of a business’s problems are caused by 20% of its employees or clients.
Tags: 80 20 Rule, Pareto Principles