Question

one example of Pareto theory in medical field. add references.

one example of Pareto theory in medical field. add references.

Homework Answers

Answer #1

Definition: Pareto Principle

Pareto principle is a prediction that 80% of effects come from 20% of causes.


The pareto principle has become a popular business maxim. It has been used to describe everything from economics to projects.

Common business examples of the pareto principle include:

Projects

  1. 80% of value is achieved with the first 20% of effort
    Project teams commonly report that a task is almost completed after a short time. A long time may pass after that before they report any further progress.

  2. 80% of project politics come from 20% of your stakeholders
    Political struggles often originate with a few of your stakeholders.


Program Management

  1. 80% of problems originate with 20% of projects
    Some projects are far more problematic than others.


Management

  1. 80% of work is completed by 20% of your team
    The observation that there is often a wide performance gap between your top performers and the rest of your team.


Technology

  1. 80% of software problems are caused by 20% of bugs
    The observation that most problems are caused by a handful of serious bugs.

  2. 80% of customers only use 20% of software features
    Most users don't use power features. In many cases, they find power features to be annoying (e.g. complex interfaces).


Sales & Marketing

  1. 80% of sales come from 20% of your clients
    Many businesses are dependent on their largest accounts.

  2. 80% of sales come from 20% of your products
    Product diversification may have limited impact on your business.

  3. 80% of sales come from 20% of your salespeople
    Killer salespeople aren't easy to find.

  4. 80% of your complaints come from 20% of your customers
    This is a commonly cited customer service rule of thumb.


Wealth Management

  1. 80% of wealth is owned by 20% of people
    Pareto's 1906 observation that 80% of Italy's wealth (land) was controlled by 20% of people has held up extremely well. Today, 20% of the world's population controls 82.7% of wealth.


General

  1. 80 percent of success is showing up
    ~ Woody Allen

    The idea that much of success is jumping through the hoops. It has a grain of truth to it. If you consider that "showing up" is 20% of effort — it's an example of the pareto principle.

Give a like ? if the content is helpful ?

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Provide an example for Pareto efficiency in Health care Markets. explain in detail with references...
1. Provide an example for Pareto efficiency in Health care Markets. explain in detail with references to support in APA 7.... please help
1. The Pareto efficiency is a simple idea, but it is difficult to achieve. Why is...
1. The Pareto efficiency is a simple idea, but it is difficult to achieve. Why is this? Provide an example. ( Explain in details and add references to support)
Define Aphasia Chronic Rhinitis. Please add references
Define Aphasia Chronic Rhinitis. Please add references
Essay on how abused abuser theory works on pedophilia with references
Essay on how abused abuser theory works on pedophilia with references
What are the Medical Coding modifiers? Give one example for each one
What are the Medical Coding modifiers? Give one example for each one
What would be an example of a learning situation where Hull’s theory does not fit? give...
What would be an example of a learning situation where Hull’s theory does not fit? give references for your answer
Law is a practical discipline; theory has no place in law. With specific references to the...
Law is a practical discipline; theory has no place in law. With specific references to the Law of Contract, discuss. Word Limit: 750 Weight: 40%
Review Gardner’s Theory of Multiple Intelligences. Describe what you would add to improve this theory. Review...
Review Gardner’s Theory of Multiple Intelligences. Describe what you would add to improve this theory. Review Sternberg’s Triarchic Theory. Describe what you would add to improve this theory.
find an example of one of the following graphs: Stem and Leaf, Histogram, Pareto, Bar or...
find an example of one of the following graphs: Stem and Leaf, Histogram, Pareto, Bar or Line. Attach the graph to this submission. Tell us; 1. The type of Graph 2. General overview of what the graph represents 3. The label for each the x axis and the y axis 4. In at least four complete sentences, interpret what the graph shows us. (For instance, this histogram shows that the longer you stay in school, the more likely you will...
What is the relationship between theory and research? Explain answer using one example
What is the relationship between theory and research? Explain answer using one example
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT