Pareto Principle (80/20 Rule)
Pareto Principle (80/20 Rule): ➡️ 80% of results come from 20% of efforts, inputs, causes, or resources. Easy Examples: Business: 80% sales come from 20% customers. Inventory (ABC/Material Mgmt): Top 20% items contribute 80% value (Class A). Time Management: 20% tasks give 80% productivity. Marketing: 20% campaigns generate 80% leads. Where Useful: ✔️ Decision-making ✔️ Prioritization ✔️ Inventory control ✔️ Productivity ✔️ Cost reduction