Tag: Business analysis
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The Power of Prioritization: Applying the Pareto Principle to Achieve Better Outcomes
The Discovery of the Pareto Principle In 1906, an Italian economist named Vilfredo Pareto noticed that 80% of the land in Italy was owned by 20% of the population. Intrigued by this observation, Pareto began to investigate other areas of society and found that the 80/20 rule seemed to apply in a wide variety of…
