Skip to content

All news

All news

Michelle Obama sings... with James Corden [VIDEO]

4 August 2016

Principle of the day

Pareto principle (80/20 rule)

The Pareto principle states that a minority of causes often accounts for a majority of effects; in marketing, identify the customers, channels and actions with the greatest impact.

Vilfredo ParetoItalian economist associated with the 80/20 principleSource: Applying the Pareto Principle in Your Marketing—the 80/20 Rule

Quote of the dayproductivity

Time is the scarcest resource, and unless it is managed, nothing else can be managed.

Peter DruckerAustrian-American management thinker · “The Effective Executive” (1967)Attributed

Quote of the daynonconfrontational advantage

In blue oceans, competition is irrelevant because the rules of the game are waiting to be set.

W. Chan KimSouth Korean-born INSEAD strategy professor and co-creator of the blue ocean conceptSource: What Is Blue Ocean Strategy?

Principle of the day

Network effect

A product becomes more useful as the number of relevant users or partners grows; supply and demand must be designed together.

Source: Network effect

Quote of the dayoperational standards

Without a standard there is no logical basis for making a decision or taking action.

Joseph M. JuranRomanian-American engineer and pioneer of quality managementAttributed

Join our newsletter

The most important marketing news, analyses and events — straight to your inbox.

Consents