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Pareto Principle (80-20 Rule) Complete Information (1784 words) |
 | The misnamed Pareto principle (also known as the 20-80 rule, the law of the vital few and the principle of factor sparsity) states that for many phenomena 80% of consequences stem from 20% of the causes. |
| The Pareto index is a measure of the inequality of income distribution. |
| The value of the Pareto Principle for a manager is that it reminds you to focus on the 20 percent that matters. |
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Vilfredo Pareto - Wikipedia, the free encyclopedia (309 words) |
| Vilfredo Pareto (born July 15, 1848 in France - died August 19, 1923 in Lausanne, Switzerland) made several important contributions to economics, sociology and moral philosophy, especially in the study of income distribution and in the analysis of individuals' choices. |
| The Pareto index is a measure of the inequality of income distribution. |
| The Pareto chart is a special type of histogram, used to view causes of a problem in order of severity from largest to smallest. |
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