What is Pareto Principle?

The ‘Pareto Principle states that in most events, 20% of the causes lead to 80% of the effects. This ratio is also referred to as the ‘80/20 Rule’. It is also called the ‘Principle of Factor Sparsity’ as well as the ‘Law of the Viral Few’.

It is used in companies to concentrate their efforts on the most profitable 20% areas of the company and advance them so that it leads to a profit for the remaining 80% of the company too.

Similarly, it is also applied in reducing the risks of 20% of the most hazardous areas of the company so that the remaining 80% is also safeguarded as a result of the precautions taken.

Employee Silence

What is Employee Silence? ‘Employee Silence’ is the term given to the silence maintained by the employees where they are needed to raise their

Position Review

What is Position Review? ‘Position Review’ refers to the process of reviewing a position to understand the roles and responsibilities of a job designation.

Pareto Principle