Vilfredo Pareto (1848-1923) observed that 20% of the sources cause 80% of the effects. For example, 20% of the people in an organization do 80% of the work!
Describe a specific example of the Pareto Principle at work that you have experienced.
What are the implications of the Pareto Principle for management?© BrainMass Inc. brainmass.com June 4, 2020, 2:09 am ad1c9bdddf
The Pareto Principle, which states that 20% of the people in an organization do 80% of the work, is something that seems to be everywhere in life and not just in business. So many people today seem to just "ride the wave" and not give 110% of effort in their work life.
In many of the organizations I have worked for over the years, half the employees have given this 110% effort where half have not- however, the real numbers could be closer to 80-20 than my estimation. There will always be those people that do not mind giving their time and energy to working hard for a company and doing whatever is needed ...
This solution discusses the Pareto Principle as it applies to business, providing a specific example from the Expert's experience of this situation and its implications for management.