How the 80/20 Principle affects your Business Operations(Part 2)

CORPORATE SUCCESS NEEDN’T BE A MYSTERY In contrast to the theory of perfect competition, the 80/20 theory of the firm is both verifiable (and has, in fact, been verified many times) and helpful as a guide to action. The 80/20 theory of the firm goes like this: In any market, some suppliers will be much […]