80/20 Principle
Submitted by RP on Tue, 07/26/2011 - 14:05
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...
Forums:
Archana1
Tue, 07/26/2011 - 14:28
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80 20 rule info - Wikepedia
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
RP
Wed, 07/27/2011 - 06:54
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Thank you Archana. It really
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
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i believe it did - the 80/20
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
RP
Fri, 07/29/2011 - 08:31
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Cool! Yeah, it probably
Cool! Yeah, it probably wouldn't be asked in that context on the exam but it was just something that frustrated me :-)