80/20 Rule or Pareto’s Principle in Business
It pays to play to your strengths. But how do you pinpoint the areas that will increase your bottom line and earn you more money? Simple: By following Pareto’s Principle. (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) Named after Italian economist and sociologist Vilfredo Pareto. The rule simply […]