Spin on Pareto’s 80/20 and you.
A century ago, Italian economist Vifredo Pareto put forth his observations on market economics. He concluded that no matter what country, the richest percentage of the population controlled most of the wealth. In Italy at that time 20% of the population owned 80% of the land. This paradigm know as the 80/20 Rule or Principle is often explained in business texts as focus on your top 20 percent of customers will yield 80 percent of the business’ profits or […]
