-
Noun:
A term derived from the Pareto principle, also known as the 80/20 rule, which states that roughly 80% of the effects come from 20% of the causes.
Example sentence: The company discovered that 20% of their clients accounted for 80% of their revenue; this phenomenon is known as pareto.
-
Adjective:
Describing something that follows the Pareto principle; indicating a concept or distribution where a small number of elements are responsible for a large percentage of the total.
Example sentence: The pareto pattern emerged when analyzing the sales data, showing that a few products were driving the majority of the company's profits.
-
Verb:
To prioritize or allocate resources according to the Pareto principle, focusing efforts on the most significant aspects to achieve the greatest impact.
Example sentence: The project manager advised the team to pareto their tasks, ensuring they dedicated their time and energy to the most critical areas.
-
Related Products:
To explore further applications of the Pareto principle, consider the following related products available on Amazon: