Problemwhat is paretos principle or the 80-20 rule and what, Ask an Expert

Management Studies

Problem:

What is Pareto's Principle (or the 80-20 Rule), and what does it have to do with control? Why do many managers act like control freaks?

Why do many managers micromanage so much? Why are many managers reluctant to take the actions necessary to correct deviations? Do you agree that if something isn't broke, it shouldn't be fixed? Why? Explain the solution in detail.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91166262

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