Pareto's Law can be seen in various situations, not just the 80/20 split from "summary" of The 80/20 Principle by Richard Koch
Pareto's Law, also known as the 80/20 Principle, is a concept that suggests that a small percentage of causes (20%) are responsible for a large percentage of results (80%). While this is the most common application of the principle, it can be seen in various other situations beyond just the 80/20 split. In reality, the ratio of inputs to outputs can vary widely, but the basic idea remains the same: a minority of causes tend to have a disproportionately large impact on results. This principle can be applied in a multitude of areas, from business to personal productivity to even social phenomena. For example, in business, it is often observed that a small number of customers generate the majority of revenues. By focusing on these key customers and their needs, companies can...
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