What is pareto's Law, Management always reminding about the 80/20?
150562
It's a little bit of a stretch, but it's mentioned in the PMI's PMBOK (Project Management Body of Knowledge) under Project Quality Management.  \n\nThe more general concept is the Pareto chart, which you might use to identify the top 20% that you're interested in.\n\nYou'd use it in Project Quality Management the same way you would anythere else - to identify the most significant issues/causes of project related problems or quality problems.\n\nThe 80/20 rule probably gets thrown around much more than it should, with little or no data to back it up : \n\ne.g. 80% of your problems will come from 20% of your tasks\n80% of your team-related problems will come from 20% of your team etc
1036019
Perfectly optimal, not really.  That's just in textbooks where everyone has perfect information and the rest of the unrealistic assumptions.  It's possible to have a highly efficient firm, though, where it is always trying to cut costs and increase revenues as much as possible.  Where humans are involved, there's a lot of room for non optimal results.
1184447
Management never produces better performance. Managers are usually the biggest part of any problem in a corporate setting.
437893
At my annual review and raise?\n\nI suppose that would help, if he might threaten to smite my supervisor if they don't give me the 20% I'm gunning for!
95461
Efforts and positive work ethic don't go unnoticed.  Managers come from two different schools of thought though.  It's either positive-reinforcement or negative-reinforcement.  Working for the latter tends to suck but they drive results just the same.  At the end of the day if you're doing a good job for either one they'll take care of you.
1056892
Its WISELY getting the most for the least.  Making use of limited resources to fulfill unlimited wants.  As my ECO 251 instructor put it--"getting oodles of utils"!
547278
There is a well known rule in business that 80% of the work is done by only 20% of the workers.
237773
sounds like someone has an economics exam coming up. \nProbably has something to do with employment rates and consumerism.   the ability of the population to keep the economy rolling, by having positive cash flow.
1106789
sounds new to me. but people are changing the way they operate business. maybe u should consult a your manager about this sitaution
682710
listen to your employees.  That is the problem where I work at.  Don't have favorites and treat everyone equal
723266
I think there are better places than this to find this answer... maybe in your management theory book?
531384
The upper managment likely has a large portion of ownership.  If they increase the bottom line, they're indirectly increasing their own profits.  With most people, this greed wins out so they increase the bottom line versus caring for the employees.
464982
Because they produce less quantity at a higher price than with perfect competetion.  This is not Pareto optimal.\n\nAlso, they might become complacent and stop innovating because there's no real incentive without competition.
1106755
The minimum wage is the same as everyone else, its the maximum hours that is different. I think its like 20 hours a week.
480934
In economics, Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean-Baptiste Say (1767-1832) stating that there can be no demand without supply. A central element of Say's Law is that recession does not occur because of failure in demand or lack of money. The more goods (for which there is demand) that are produced, the more those goods (supply) can constitute a demand for other goods. For this reason, prosperity should be increased by stimulating production, not consumption. In Say's view, creation of more money simply results in inflation; more money demanding the same quantity of goods does not represent an increase in real demand.\n\nSimply put: It is the proposition that "supply creates its own demand." The idea is clearest in a barter economy, where the act of supplying one thing is, intrinsically, the act of demanding something else.
1020623
I DONT THINK THEY LOOK AT IT AS AN ETHICAL CHOICE,  ITS BUSINESS.  AS A BOSS I WANT TO KEEP THE BEST WORKERS HAPPY SO THAT THE SLACKERS EITHER LEAVE OR PICK UP THEIR PACE.   I THINK ITS NECESSARY FOR A MANAGER TO COMPARE HIS/HER EMPLOYEES WHEN THERE IS A PROMOTION IN LINE.  THE BEST WORKER SHOULD GET AHEAD.
481507
I think this is about asking people to rate things on a scale, for example "How much do you like eating cheese? rate this on a scale of 1-10 where 1 means "I hate cheese, I wouldn't eat it if you paid me twice my annual salary" and 10 means "I love cheese, I want to eat it all day."" Irrespective of what they actually think, most people will opt for a number roughly in the middle of the scale, so you will get lots of 5's and 6's and very few 1's or 10's. this means the results from this kind of question may not be accurate.