Economists tell us that the history of human labor is one of continually increasing specialization. In the days of the hunter-gatherer, every member of the tribe would have been expected to command ...

I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which ...

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 ...

Opinions expressed by Entrepreneur contributors are their own. Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto ...

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 ...

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 ...

Also called the 80/20 rule. The principle that about 80 per cent of the outcomes will come from about 20 per cent of the effort. Commonly, the Pareto Principle is the acceptance that most things in ...

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 ...

I’ve tried over 20 productivity methods, facing some colossal failures along the way. But I’ve also found a few simple, game-changing techniques that truly work—and they might work for you too. The ...