PROBLEM SOLVING METHODOLOGIES
Problem Solving Tools
Pareto Analysis
🎯 PARETO ANALYSIS: FOCUS ON WHAT REALLY MATTERS
Have you ever felt overwhelmed by too many problems, tasks, or decisions, unsure where to begin? That’s exactly where Pareto Analysis, also known as the 80/20 Rule, becomes a powerful ally.
This simple yet effective decision-making technique helps individuals and organizations focus on what truly matters by identifying the "vital few" causes that create the majority of outcomes.
Real-Life Examples of Pareto in Action:
🔹 Sales: 80% of your revenue typically comes from 20% of your clients. Knowing who they are helps you build loyalty strategies and deliver tailored services.
🔹 Products: 80% of your sales volume often comes from 20% of your product catalog. Identifying these key products enables focused improvements in design, quality, or supply...
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