Pareto Diagram: what is it, benefits and how to do it?
Posted: Mon Dec 23, 2024 9:57 am
The Pareto Diagram is a well-known quality tool in the corporate world. Developed in the form of a graph, this methodology can be a good ally in decision-making and problem-solving in a company.
Have you heard of the 80/20 Rule? Discover how the Pareto Diagram or Principle can help your management!
What you will see in this article:
What is Pareto Diagram?
What is the Pareto Diagram for?
What are the benefits of the Pareto Diagram?
How to make the Pareto Diagram and put it into practice?
How to use Pareto Diagram?
Conclusion
What is Pareto Diagram?
The Pareto Principle, Rule or 80/20 Law are various names given to one of the best-known and most widely adopted quality management tools in the corporate world. However, its operation is simple: the Pareto Diagram provides a graphical representation of the company's failures and gaps and their possible causes, allowing leaders to have strategic information to make decisions and solve these problems.
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The concept arose from the studies of the Italian sociologist and economist base de datos california Pareto (1848-1923), who made several important contributions to scientific research. Initially, Pareto sought to understand the unequal distribution of wealth in his country, concluding that 20% of the population held 80% of this wealth.
Later, in the mid-1990s, a well-known name in the field of quality management — Joseph Moses Juran — studied Pareto's ideas and developed the tool that is still used today, bringing the 19th-century economist's mindset to the current corporate world. Thus, the 80/20 Rule or the Principle was named after the Italian scholar.
Have you heard of the 80/20 Rule? Discover how the Pareto Diagram or Principle can help your management!
What you will see in this article:
What is Pareto Diagram?
What is the Pareto Diagram for?
What are the benefits of the Pareto Diagram?
How to make the Pareto Diagram and put it into practice?
How to use Pareto Diagram?
Conclusion
What is Pareto Diagram?
The Pareto Principle, Rule or 80/20 Law are various names given to one of the best-known and most widely adopted quality management tools in the corporate world. However, its operation is simple: the Pareto Diagram provides a graphical representation of the company's failures and gaps and their possible causes, allowing leaders to have strategic information to make decisions and solve these problems.
Join the journey
of Gamification
Fill in the fields and join this journey . We have selected the best content for you to understand everything about Gamification.
Corporate email
I agree to receive communications.
Our privacy policy.
I want to participate!
should_not_change
The concept arose from the studies of the Italian sociologist and economist base de datos california Pareto (1848-1923), who made several important contributions to scientific research. Initially, Pareto sought to understand the unequal distribution of wealth in his country, concluding that 20% of the population held 80% of this wealth.
Later, in the mid-1990s, a well-known name in the field of quality management — Joseph Moses Juran — studied Pareto's ideas and developed the tool that is still used today, bringing the 19th-century economist's mindset to the current corporate world. Thus, the 80/20 Rule or the Principle was named after the Italian scholar.