What is Pareto's Principle (or the 80-20 Rule), and what does it have to do
Question # 00014136
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Updated on: 05/01/2014 10:33 PM Due on: 05/28/2014
What is Pareto's Principle (or the 80-20 Rule), and what does it have to do with control? Why do many managers act like control freaks? Why do many managers micromanage so much? Why are many managers reluctant to take the actions necessary to correct deviations? Do you agree that if something isn’t broke, it shouldn’t be fixed? Why?
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Solution: Pareto’s Principle (or the 80/20 Rule)