Ep098: The Pareto Principle, with Andrew Barrett
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\\xa0The Pareto Principle has been observed in a range of economic areas, like global individual wealth distribution I mentioned earlier, but soverign wealth, quality defects (few defect types cause majority of quality costs/rework time), innovations (where only a few members of staff will provide the majority of innovation ideas), decision making (where only a small proportion of time in a meeting results in the majority of decisions), and complaints (where only a few aspects of your services will result in the majority of your complaints).\\xa0
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Where this gets interesting, is that it enables us to understand how to move away from slow and incremental improvement, to improvement which is disproportional to our time and effort.\\xa0
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