The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the

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12-07-2022
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The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the

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Tundexi Tundexi · Answer 1 · 2022-07-19T16:49:49+02:00

The concept of Pareto phenomenon is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.

What is a Pareto phenomenon?

The principle states that for many outcomes like roughly 80% of consequences come from 20% of the causes.

Hence, this concept is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.