[repost ]Pareto’s Principle – The 80-20 Rule ——>How the 80/20 rule can help you be more effective

original:http://ift.tt/Vm08oo In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country, observing that twenty percent of the people owned eighty percent of the wealth. In the late 1940s, Dr. Joseph M. Juran inaccurately attributed the 80/20 Rule to Pareto, calling it Pareto’s Principle. While it [...]



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