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What is pareto principle

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Reference no: EM131866681

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?

Reference no: EM131866681

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