Definition: the 80-20 Rule or Pareto Principle is a common rule of thumb that for many events, roughly 80% of the effects come from 20% of the causes. |
More on problem analysis: 5W2H Analysis, 8 Disciplines, Affinity Diagram, Alternative Hypothesis, CATWOE, more on problem analysis... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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