Solved: What is paretos principle or the 80-20 rule and what does, Business Management

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What is paretos principle or the 80-20 rule and what does

Discussion: Controlling

Please respond to the following questions:

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?

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Business Management: What is paretos principle or the 80-20 rule and what does

Reference No:- TGS02662179

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