Implications of the pareto principle for management


Problem: Vilfredo Pareto (1848-1923) observed that 20% of the sources cause 80% of the effects. For example, 20% of the people in an organization do 80% of the work!

Describe a specific example of the Pareto Principle at work that you have experienced.

What are the implications of the Pareto Principle for management?

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