Message:

<p>[QUOTE=&quot;Catbert, post: 401195, member: 12718&quot;]<b>Not surprising, really</b></p><p><br /></p><p><br /></p><p>&nbsp;</p><p>&quot;The <b>Pareto principle</b> (also known as the <b>80-20 rule</b>, the <b>law of the vital few</b> and the <b>principle of factor sparsity</b>) states that, for many events, 80% of the effects come from 20% of the causes. Business management thinker <a href="http://en.wikipedia.org/wiki/Dr._Joseph_Moses_Juran" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Dr._Joseph_Moses_Juran" rel="nofollow"><span style="color: #0000ff">Joseph M. Juran</span></a> suggested the principle and named it after Italian economist <a href="http://en.wikipedia.org/wiki/Vilfredo_Pareto" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Vilfredo_Pareto" rel="nofollow"><span style="color: #0000ff">Vilfredo Pareto</span></a>, who observed that 80% of income in Italy went to 20% of the population. It is a common <a href="http://en.wikipedia.org/wiki/Rule_of_thumb" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Rule_of_thumb" rel="nofollow"><span style="color: #0000ff">rule of thumb</span></a> in business; e.g., &quot;80% of your sales comes from 20% of your clients.&quot;&quot;</p><p>&nbsp;</p><p><a href="http://en.wikipedia.org/wiki/Pareto_principle" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Pareto_principle" rel="nofollow">http://en.wikipedia.org/wiki/Pareto_principle</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in