Description
A famous Italian economist, Vilfredo Pareto found the ‘Pareto Principle’ or ‘Pareto Analysis’ in 1879. Pareto based his principle on a research in which he found that 80% of Italy’s wealth was held by 20% of its population. ‘Pareto Principle’ is also known as ‘Pareto Law’, ‘Pareto Rule’ , ‘Principle of Imbalance’ or simply ‘The 80/20 Rule’. After the concept was introduced to the world by Alfred Pareto, people in various disciplines found that the 80/20 was applicable to a wide range of phenomena.
The following Objectives are included in our Latest Presentation:-
- Describe the History of Pareto Analysis
- Explain What is the Pareto Principle
- Explain Vital Few and Trivial Many Principle
- List the Uses of Pareto Principle
- List the Examples of Pareto Principle
- List the Applications of Pareto Analysis
- Explain What is Pareto Analysis
- Explain Pareto Charts
- List the Uses of Pareto Analysis
- Explain the Process of Pareto Analysis
- Explain When to Use a Pareto Chart
- Explain How to Use Pareto Charts
- Explain the Phases of Pareto Analysis
- Explain Pareto Frequency Diagram
- Explain the Steps for Boosting Productivity
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