Pareto (80-20 rule) #6: Pareto examples – Effectiveness of business inquiries
Many of you wrote to me inquiring about how to use Pareto (80/20) analysis in your business. I will share some methodologies to help you apply a similar approach to your work. Before we discuss an example, let’s be clear about the objectives. Remembering the bird from Dronacharya’s test during the training of Pandavas, we should be clear about the two crucial steps. First, what’s our objective? Once we are clear about the objective, the second step is to achieve the objective. Dronacharya spent much time probing whether each budding prince knew the objective he had set up. Among many,
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