80/20 rule - What I never knew

Pareto principle - Wikipedia, the free encyclopedia: "Pareto principle"

(Via How To Work Less And Succeed More.)

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.