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March 21, 2023
The Pareto rule, also known as the 80/20 rule, is a principle that states that approximately 80% of effects come from 20% of causes. The rule is named after Italian economist Vilfredo Pareto, who observed that 80% of the wealth in Italy was owned by 20% of the population. The principle has since been applied...
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An S-curve is a graphical representation of the growth pattern of a particular phenomenon over time. The S-curve takes its name from the S-shape it forms, which resembles the letter S. In business and management, the S-curve is a useful tool for understanding how a new product or technology will be adopted and how its...
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