Tag: 80-20 Rule

  • Amazing facts behind “1-2-3 & Go”!

    Many of you might be aware about 80-20 rule or Pareto principle, which was proposed by Dr. Joseph Juran in late 1940s and he attributed it to Italian economist Vilfredo Pareto, who actually created a mathematical formula in year 1906. It states that for many events, about 80% of the effects come from 20% of…