Flashcard (Front and Back)

Front (Question)
80/20 Rule (The Pareto principle)
Back (Answer)
aka the law of the vital few and the principle of factor sparsity, states that 80% of the effects comes from 20% of the causes. Dramatic improvements can be achieved by identifying the 20% of users, customers, activities, products or processes that account for the 80% of contribution to profit and maximizing the attention applied to them. [Wikipedia]


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