Pareto principle - Wikipedia, the free encyclopedia: "Pareto principle"
Some things that I found interesting:
- It's known as the Pareto Principle!
- But, it was first proposed by Joseph M. Juran, so it should be called Juran's Assumption!
- It is a cause and effect statement; so using it like such: "20% of individuals in an organization perform 80% of the work" is not a valid statement since it is not known that the individuals contributeto the progress of work.
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