It’s likely you’ve heard of the Pareto principle (maybe even while reading my tips on how to be more productive at work or study more effectively). But do you really know what the Pareto principle is?

When working a 9-to-5 job, you don't get as much freedom to make important business decisions. You also tend to feel as though there is not enough time in the day for both your side business and your ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

As we work to serve our clients, we often get the question pretty early on in the relationship about what should be custom software. There are many choices for business leaders to turn to custom ...

The Pareto principle is often in conflict with the equity criteria in construction of social preferences: there exist two allocations χ and y such that χ Pareto dominates y, but y is an equitable ...

Opinions expressed by Entrepreneur contributors are their own. Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto ...

Kim ran a successful professional services firm with a staff of 28 and clients in a dozen states. But when she shared her 2017 goals with me, I saw something that gave me pause. There, under her ...

The 80/20 rule, also known as the Pareto principle, states that 20 percent of your company's sales people will generate 80 percent of your sales revenue. That presents a challenge for small businesses ...

We show that the class of social welfare functions that satisfy a weak independence condition identified by Campbell (J Econ 12:259-272, 1976) and Baigent (J Econ 47(4):407-411, 1987) is fairly rich ...