• Pareto principle - Wikipedia
  • Understanding the Pareto Principle (The 80/20 Rule) ..
  • What is Pareto principle

A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs

The Pareto (80-20) principle in language learning - …

13 Examples Of The Pareto Principle - Simplicable

The pareto principle has become a popular business maxim
The wealth of an economy is not a fixed amount from one period to thenext, but can be influenced by many factors relevant to economicgrowth. These include, for example, technological advancement orchanges in policy that affect how much people are able to produce withtheir labour and resources. More wealth can be produced and indeedthis has been the overwhelming feature of industrialized countriesover the last couple of centuries. The dominant economic view is thatwealth is most readily increased in systems where those who are moreproductive earn greater incomes. This economic view partly inspiredthe formulation of the Difference Principle.

Pareto Principle: How To Use It To Dramatically Grow …

Jan 20, 2014 · The Pareto Principle is very simple, yet very important
Two final methodological issues need to be noted. The first concernsthe distinctive role counterexamples play in debates aboutdistributive justice. As noted above, the overarching methodologicalconcern of the distributive justice literature must be, in the firstinstance, the pressing choice of how the benefits and burdens ofeconomic activity should be distributed, rather than the mereuncovering of abstract truth. Principles are to be implemented in realsocieties with the problems and constraints inherent in suchapplication. Given this, pointing out that the application of anyparticular principle will have some, perhaps many, immoral resultswill not by itself constitute a fatal counterexample to anydistributive theory. Such counter-evidence to a theory would only befatal if there were an alternative, or improved, version of thetheory, which, if fully implemented, would yield a morally preferablesociety overall. So, it is at least possible that the bestdistributive theory, when implemented, might yield a system whichstill has many injustices and/or negative consequences. This practicalaspect partly distinguishes the role of counterexamples indistributive justice theory from many other philosophical areas. Giventhat distributive justice is about what to do now, not just what tothink, alternate distributive theories must, in part, compete ascomprehensive systems which take into account the practicalconstraints we face.

 

Pareto Principle -- How to Apply It, and What to Avoid.

Training and the 80-20 rule of Pareto's Principle
Efficiency is mostoften assessed either in terms of the economic principle (minimize costor maximize utility) or the Pareto criterion (with regard to transactionsand distributions).


What It Means To Us
The 80/20 Rule means that in any set of things (workers, customers, etc.) a few (20 percent) are vital and many (80 percent) are considered trivial. In Pareto's case, he found that roughly 20 percent of the people in his country dominated with 80 percent of the wealth. In Juran's initial work, he identified 20 percent of product defects causing 80 percent of product problems. It’s well known by Project Managers that 20 percent of work (usually the first 10 percent and the last 10 percent) consume 80 percent of the time and resources. You can apply the 80/20 Rule to almost anything, from the science of management to the sciences of the physical world around us.


The Pareto Principle | iNotes4You

Advocates of welfare-based principles (of which utilitarianism is themost famous) do not believe the primary distributive concern should bematerial goods and services. They argue that material goods andservices have no intrinsic value but are valuable only in so far asthey increase welfare. Hence, they argue, distributive principlesshould be designed and assessed according to how they affect welfare,either its maximization or distribution. Advocates of libertarianprinciples, by contrast to each of the principles so far mentioned,generally criticize any distributive ideal that requires the pursuitof specific ‘patterns’, such as maximization or equalityof welfare or of material goods. They argue that the pursuit of suchpatterns conflicts with the more important moral demands of liberty orself-ownership. Finally, feminist critiques of existing distributiveprinciples note that they tend to ignore the particular circumstancesof women, so feminists tend to argue for principles which are moresensitive to facts such as that women often have primaryresponsibility for child-rearing and on average, spend less of theirlifetimes than men in the market economy.

How can the answer be improved?

Although the numerous distributive principles vary along differentdimensions, for simplicity, they are presented here in broadcategories. Even though these are common classifications in theliterature, it is important to keep in mind they necessarily involveover-simplification, particularly with respect to the criticisms ofeach of the groups of principles. Some criticisms may not applyequally to every principle in the group. The issue of how we are tounderstand and respond to criticisms of distributive principles isdiscussed briefly in the final section on methodology (see ).

Being a perfectionist when it comes to language learning is ..

Source for quotes is:
Taylor, Frederick W., 1964, Scientific Management - ComprisingShop Management, The principles of Scientific Management andTestimony before the Special House Committee, Harper and Row

Note: All the quotes are from 'Scientific Management' This needsto be highlighted, since the edition restarted page numbers foreach separate section. That is, page numbers are not unique.