How we use this role in business?
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This role is very important to depend on selling and marketing situations - because it encourages a focus of activity and energy that usually produces very fast and substantial improvements (for example when applied to target audiences, existing customers, product ranges, pricing, etc., and other major 'profit levers').
examples of Pareto's role as it applies to various situations. that within any given scenario or system or organisation:
80 percent of results come from 20 percent of efforts
80 percent of activity will require 20 percent of resources
80 percent of usage is by 20 percent of users
80 percent of the difficulty in achieving something lies in 20 percent of the challenge
80 percent of revenue comes from 20 percent of customers
80 percent of problems come from 20 percent of causes
80 percent of profit comes from 20 percent of the product range
80 percent of complaints come from 20 percent of customers
80 percent of sales will come from 20 percent of sales people