Category: Management Practices

Thinking is Required

Quad 3 consists of B customers, customers who don’t make it into the top 20 percent, the A customers, who are responsible for some 80 percent of your net sales, profit, or whatever other value

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Make-Your-Customers-Happy

In 80/20 analysis, A customers get to be A customers because they buy A products. Conversely, A products get to be A products because your best customers (A customers) buy them. Nevertheless, some, maybe even

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protect the fort

Hold the fort has meant hang on, even if you have to whip all hell.

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Clouds

When the Pareto Principle, the 80/20 Rule, whispers in your ear that roughly 20 percent of your customers are responsible for roughly 80 percent of your revenue, it’s time to dream a beautiful daydream. Go

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80/20 Rule

Some mathematical ratios appear to have mystical powers or, at the very least, hold the key to powerful relationships in nature and beyond. In 2002, Mario Livio, an Israeli-American physicist who works at the Space

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map and compass

I can tell you a lot about your business without you having to tell me a thing. Roughly 80 percent of your revenue comes from just the top 20 percent of your customers. Moreover, 20

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Pareto

If this guy handed you his CV, you would find it very hard to believe. Vilfredo Federico Damaso Pareto was born on July 15, 1848, in Paris, the son of a noble but revolutionary Genoese

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