Lean Standard Work has become a major component of most Lean systems. This is fundamentally a lean-principled way for managers at all levels to execute their work. There is a natural push back from leaders about having their own standard work, but they should have at least 5-25% of their time spent on recurring and […]
Pareto Principle is a Phenomenon that Happens in Almost Every Facet of Life. These are Articles That Celebrate Pareto in Every Way its Manifest
Sugar Content in Foods Chart: A Pareto Principle at Work
If you look hard enough and try to be aware, you’ll see interesting things everywhere. In fact, you might see the Pareto Principle in practice in more places than you realize. Here’s one example: Have you thought about the sugar content in what you drink? In all honesty, that’s the least on my mind. But, […]
Aquarium Filter Types: A Pareto Chart
We have an aquarium with a bunch of fish. In truth, my only involvement with our fish is when I have to clean the aquarium or when I need to buy aquarium supplies. Other than that, I don’t really pay much attention to the fish. Though, listening to the bubbles late at night while I’m […]
Personal Finance Chart in a Shape of a Pareto
Time Magazine came out with a special issue in October that shows a very nice Pareto Chart on the cover. The topic is entitled “What we Spend”. The article explaining the Pareto Chart on the cover is equally interesting. It explains an average breakdown of what Americans spend their money on. The list below is long, […]
Sales Force Effectiveness: Segment Sales Reps Using Pareto
The Pareto Principle ( the 80/20 principle) can be seen in many, many situations. I was reminded of this fact recently when a friend and I discussed a sales force effectiveness question he had. My friend is in the pharmaceutical industry (pharma) and most pharmaceutical firms have a very large sales force, with geographical territories, […]
Clean Energy Types Forms a Pareto Chart
A recent report from the Pew Charitable Trusts shows clean energy investment from a global perspective. This is important because investment dollars in an emerging technology is an indicator of potential growth in the future and, specifically for clean energy, we’re talking about clean energy jobs. And, for our purposes, it turns out that the […]
Shopping Cart Abandonment Reasons Shows an 80/20
Value, from the perspective of the customer, is often defined as a question in the context of Lean: If the customer were here, what steps would they consider value add? The converse of that question, it follows, would uncover what we consider to be waste. I agree with that approach, in general. The problem with […]
Pareto in the Wild: The Chinese Middle Class
We’ve long known that China and, in part, the rest of Asia, is no longer just a place for cheap production or a place to send back office or manufacturing operations. In fact, they are quickly moving from a country that excels in production to a country that is also active on consumption. This episode […]
Law and Order SVU Outcomes Forms a Nice Pareto
The Pareto Principle is one of those almost universal truths that helps us explain the world around us. If you look carefully, you’ll see the 80/20 principle in everyday life. It’s everywhere – yes, even the TV shows we watch. In this episode of “Pareto in the Wild”, we look at how Pareto can help […]
Foursquare Checkin Data Forms a Pareto of Where People Shopped
In this edition of Pareto in the Wild, we look at which venues had the most Foursquare Check-ins on the Black Friday after Thanksgiving, otherwise known as Black Friday. The data, obtained by AdAge represent just a fraction of shopping activity on Black Friday 2010; in all likelihood, most people that usually check-in via Foursquare […]