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 ...

Learn how to apply Pareto Analysis to identify key issues, prioritize effectively, and focus on the actions that drive the greatest results.

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 ...

When working a 9-to-5 job, you don't get as much freedom to make important business decisions. You also tend to feel as though there is not enough time in the day for both your side business and your ...

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 ...

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 ...

Before you can win a league title in the NBA, NFL, and NHL you first must win a conference championship. This approach assumes that the two best teams in a league are not in the same conference. When ...

More than 100 years ago, Italian economist Vilfredo Pareto observed that 20% of the population in Italy owned 80% of the land, and that 20% of the pea pods held 80% of the peas in his garden. Today, ...

Tomorrow it’s our ward’s turn to clean the church building, and I won’t be there. I had intended to go. It’s on my calendar to go. But last night, as my husband and I were figuring out plans for the ...