“80% of success is showing up.”
– Woody Allen
Vilfredo Pareto was a Professor of Political Economy at Lausanne, Switzerland and lived from 1848 to 1923. One of his observations was the fact that 80% of the land in Italy was owned by only 20% of the population or, to put it another way, the majority of wealth in Italy was owned and controlled by the effective few. This 80:20 rule has come to be known as the Pareto Principle (or the Law of the Vital Few, as I like to use it) and was originally popularized by Joseph Moses Juran (1904 – 2008) when Juran expanded the Pareto Principle to include observations such as 80% of a problem is caused by 20% of the causes.
Many, many public speakers from all industries and walks of life now tout Juran’s breakthroughs. Naturally, it has become very fashionable to discuss…
View original post 719 more words