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March 18, 2019

Latest Article: Understanding the Pareto Principles | How do you use the 80/20 Pareto Rule?

80 20 Rule to Create Customer Value
Last Update: Understanding the Pareto Principles | How do you use the 80/20 Pareto Rule?
Lean Articles

March 18, 2019 Articles

Lean Articles

March 18, 2019 Articles

80 20 Rule to Create Customer Value

Understanding the Pareto Principles | How do you use the 80/20 Pareto Rule?

The Pareto principle, also known as the 80/20 rule, is a concept that states that roughly 80% of effects come from 20% of causes. This principle can be applied to a wide range of fields, from economics and business to personal productivity and time management. Understanding and applying the Pareto principle can help individuals and organizations focus their efforts on the most impactful areas, ultimately leading to greater efficiency and success. Let’s take a closer look at the Pareto principle and how it can be used to optimize results.

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