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 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 ...

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 ...

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 ...

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 ...

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 legal academics and policy makers believe that notions of fairness should be accorded positive weight in evaluating legal policies. We explain, however, that ascribing importance to any notion of ...

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 ...

It’s a struggle that every parent has to deal with—there simply isn’t enough time in the day to get everything done. And while you’re well aware that a little self-care will help you be a better mom ...