80/20 Principle

Submitted by RP on Tue, 07/26/2011 - 14:05
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Guys - I know that this is a really simple concept to grasp but it has been bugging me recently. The problem is, I know from previous studies in relation to other degrees that I have, the 80/20 principle AKA Pareto principle was developed by Vilfredo Pareto. Why is at that Rita advocates in her book that this principle has been developed by Joseph Juran??? Maybe I am missing something...

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Archana1

Tue, 07/26/2011 - 14:28

Hi,


Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto,


This is where I found.


http://en.wikipedia.org/wiki/Pareto_principle


 

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RP

Wed, 07/27/2011 - 06:54

Thank you Archana. It really is strange as I have read in multiple books that the principle had stemmed from Pareto himself...

bhpepper

Thu, 07/28/2011 - 19:23

i believe it did - the 80/20 rule was developed by pareto. he used it to explain distribution of wealth.


 


Juran was the first to apply the theory to quality mgmt...........


 


thats how i understand it.


dont get too deep for the exam though.......i believe Juran is the answer

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RP

Fri, 07/29/2011 - 08:31

Cool! Yeah, it probably wouldn't be asked in that context on the exam but it was just something that frustrated me :-)