Economists tell us that the history of human labor is one of continually increasing specialization. In the days of the hunter-gatherer, every member of the tribe would have been expected to command ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Many of you may already be familiar with the “80/20 Rule,” formally known as the Pareto Principle. Officially, the Pareto Principle states that approximately 80 percent of the outcomes result from 20 ...

The Pareto Principle says that around 80 percent of the effects arise from around 20 percent of the causes. In business, a rule of thumb is that 80 percent of output is produced by 20 percent of the ...

Most of us have bumped into the Pareto principle at some point. Simply put, it states that in any given situation, 80 percent of effects come from 20 percent of the causes. In business, we’re most ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. If you’ve spent any great length of time in marketing or sales, then there’s a good chance ...

Learn what a Pareto chart is, see a few examples of the Pareto Principle in action, read benefits of the Pareto charts and learn the eight steps involved in creating a Pareto chart. Jump to: A Pareto ...

The Pareto Principle is a well-known saying that states that 80 per cent of results are caused by 20 per cent of the inputs, ...

While I won’t debate the writer’s opinion regarding bureaucratic inefficiencies, I disagree with citing the Pareto Principle as a “tried and true” application to justify his opinion that 20% of ...