Apply the Pareto Principle to Get the Most Out of Outsourcing

More than 100 years ago, Italian economist Vilfredo Pareto observed that 20% of the population in Italy owned 80% of the land, and that 20% of the pea pods held 80% of the peas in his garden.
Today, business owners everywhere rely on the Pareto principle to determine where to focus efforts and allocate funds.
For example, knowing that roughly 80% of sales come from 20% of their customers, astute business owners and sales managers will determine which clients and prospects should receive focused attention from sales reps.

Read more at : Business2Community-Apply the Pareto Principle to Get the Most Out of Outsourcing

 

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