Lean Six Sigma Training Certification
The Pareto Principle is an interesting one that every business owner or manager should know about. It states that 80% of outcomes come from 20% of cases, implying unequal relationships between inputs and outputs. Adhering to this principle means prioritizing business goals and tasks to get maximum results. Learn more about our Six Sigma training. Below, […]
The Pareto chart is a great Six Sigma tool based on the Pareto principle named after Vilfredo Pareto, an Italian economist. The Pareto principle can be used to divide just about everything up into an 80/20 ratio. An example of the 80/20 principle is exemplified in what Vilfredo Pareto observed himself back in 1906 — […]
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