Mapping the 80/20 Rule
MindManager customer and blogger, Billy Waters, has allowed us to share a map he created on the Pareto Principle (otherwise known as the 80/20 rule).
According to Wikipedia, the Pareto Principle "states that, for many events, 80% of the effects comes from 20% of the causes. Business management thinker Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed that 80% of income in Italy went to 20% of the population. It is a common rule of thumb in business; e.g., "80% of your sales comes from 20% of your clients."
Enjoy this productivity gem, as seen on Billy’s company blog and learn more about the map’s creator in his MindManager customer vignette. For map templates on Process Improvement, visit the Mindjet Map Gallery.