Controlling
ease respond to the following questions in this discussion forum (plus any additional questions your Instructor may ask within the forum):
- 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?
Answer Preview
What is Pareto’s Principle (or the 80-20 Rule), and what does it have to do with control?
Pareto’s principle is a guideline that states that in any set of things for example workers, 20% are critical and the other 80% are trivial (Reh, 2014). He found that 20% of the people in a country are wealthy controlling 80% of the wealth proving that in any setting 20% of the things are critical and the other 80% are not…
(359 Words)