Pareto's Principle: How the 80/20 Rule Can Help Improve Your Performance
Originally shared by Rob Jongschaap
In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country. Pareto observed that twenty percent of the people owned eighty percent of the wealth. In the late 1940s, quality guru, Dr. Joseph M. Juran, attributed the 80/20 Rule to Pareto, calling it Pareto's Principle. Pareto's Principle or Pareto's Law is a useful tool to help you prioritize and manage the work in your life.
https://www.thebalance.com/pareto-s-principle-the-80-20-rule-2275148
In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country. Pareto observed that twenty percent of the people owned eighty percent of the wealth. In the late 1940s, quality guru, Dr. Joseph M. Juran, attributed the 80/20 Rule to Pareto, calling it Pareto's Principle. Pareto's Principle or Pareto's Law is a useful tool to help you prioritize and manage the work in your life.
https://www.thebalance.com/pareto-s-principle-the-80-20-rule-2275148
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