Tuesday, October 2, 2007

LOOK AT THE WORLD WITH THIS CONCEPT: FIND MAGIC ONE

Pareto analysis holds that 20 percent of events cause 80 percent of
the results. For example, 20 percent of customers generate 80 percent
of all profits, or 20 percent of all production issues cause 80 percent
of the scrap. The theory of constraints, when reduced down to one
guiding concept, states that one percent of all events cause 99 percent
of the results
.

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