Pareto analysis: Diagnosing investments in managerial ego
Managers frequently state that 80% of profits or sales are derived from 20% of the product range. Though lip service is paid, the concept often is not applied as a tool for resource allocation and discrimination between a portfolio of products or business units. This article explains how managers ca...
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| Format: | Article |
| Language: | English |
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AOSIS
1983-09-01
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| Series: | South African Journal of Business Management |
| Online Access: | https://sajbm.org/index.php/sajbm/article/view/1154 |
| Summary: | Managers frequently state that 80% of profits or sales are derived from 20% of the product range. Though lip service is paid, the concept often is not applied as a tool for resource allocation and discrimination between a portfolio of products or business units. This article explains how managers can use the technique of Pareto analysis to identify different strategic categories as a guide to the allocation of resources and management attention. |
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| ISSN: | 2078-5585 2078-5976 |