الوضع الليلي
0
The Pareto Principle
1:14:44 2025-06-29 4991

The successful Italian economist Vilfredo Pareto (1848–1923) is the originator of this principle — known as the Pareto Principle — which is essentially based on addressing the most important causes.

For example, in a certain company, it might be observed that 80% of purchases are made by only 20% of customers (a specific group). Pareto also found through a statistical study that around 80% of the land in Italy was owned by only 20% of the population.

This principle can also be applied in problem-solving.

When analyzing a certain problem, one might often find that a large portion of the causes — possibly up to 80% — stems from only 20% of the factors. Therefore, focusing on addressing this small portion (20%) is often enough to resolve the problem.

 

Case Example

Officials at a large company that sells various products noticed an increasing number of returned goods that were shipped to customers.

Upon investigating the reasons behind this issue, they found that about 85% of the causes were due to one of two specific factors:

  1. Sending products that did not exactly match what the customer ordered.
  2. Sending products that had some defect.

The remaining percentage of causes included other reasons such as the goods being broken or damaged during shipping.

By focusing their attention on correcting these two main issues, the company saw a significant drop in the return rate. This improvement came after officials made sure to select the correct product types and verify they were free from defects before shipping.

 

Reality Of Islam

MOST VIEWS

Importance of Media

9:3:43   2018-11-05

Illuminations

never answer to your lusts

7:0:55   2022-05-17

their choice

11:11:59   2023-02-01

the effect of words

5:58:12   2021-12-18

loyalty is strength

10:55:53   2022-06-13

use you time well

4:26:43   2022-02-21

remember who supported you

2:2:13   2022-10-08

teaching

3:43:50   2022-11-05



IMmORTAL Words
LATEST A Simple Pill Could Treat Diabetic Eye Damage Before Vision Is Lost A Diamond Smaller Than a Grain of Rice Could Transform Heart Monitoring Arctic Landslide Triggers 1,580-Foot Tsunami in Alaska Brain Differences May Explain Why Some Children Struggle at Math Tiny Diamond Beams Could Unlock More Powerful Quantum Networks He Was Looking for a Campsite. He Found a Massive Impact Crater Mission to Destroy the Idolatrous Temple of al-Fuls The Last Sermon from the Holly Prophet (Peace and Blessings Be Upon Him and His Progeny) Guidance Recommendations for Parents of a Child with an Intellectual Disability Where Does Fat Go When You Lose Weight? The Answer May Surprise You New Space Telescope from NASA Could Bring Alien Worlds into View Like Never Before Even After 300 Years, Scientists Find Recovering Grasslands Can Remain Fundamentally Different