Beware: Pareto is Not About 80 and 20

12manage is looking for contributors...

Pareto Principle > Forum Log in

Beware: Pareto is Not About 80 and 20
Koen DePryck, Premium Member
Don't focus too much on the numbers: the principle is about the imbalance, not about '80' and '20'. Other ratio's than 80/20 have been found and described...

Imbalance Others Than Pareto
j.a. karman, Member
Just a starter for this, measuring the imbalance. One of them is the Gini factor (same start for the topic income/wealth as Pareto)
10/90 gap, 1% culture Benfords law etc.
It goes with ROC (Relative Operating Characteristic). These are highly mathematical concepts.
The first question to answer: are these kind of mathematical concepts acceptable to discuss for a manager?
The easy of thumb-rules like Pareto are far more accepted although not necessarily correct for the situation.



  Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

Special Interest Group Leader

You here

More on Pareto Principle
Best Practices

Expert Tips


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 20-7-2018. All names of their owners.