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07-18-2007, 01:36 AM
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 80/20 - History and Practical Application? Recently reference to the seemingly well known 80/20 (principle, law, rule, guideline) has been coming up alot in my life and its got me thinking  .Where exactly does this principle come from? Does anyone have any history on it? Also I think it would be interesting to find out other peoples experiences with the 80/20, especially regarding situations where it works extremely well, and others where the opposite is true!      |
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07-18-2007, 01:57 AM
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 Quote:
"I’m sure most people are familiar with Pareto’s principle, developed by an Italian economist and most commonly known as the 80/20 Rule. While Pareto originally used the rule noticing that 80% of the wealth was owned by 20% of the population..." . |
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