How the 80/20 Rule Guides Business Process Transformation
A powerful yet simple rule is driving the economic reality. The Pareto principle states that approximately 80% of the effect comes from 20% of the effort. Applied to today’s business landscape, for most companies, 80% of revenue is generated by just 20% of their customers.
Every customer is important, but Pareto shows us that, despite the fact that every transaction demands the same amount of time and effort to process, not every customer is equal in terms of their revenue and profitability impact to your business.
This Whitepaper highlights:
- The Pareto Principle
- What your company’s most valuable asset is
- How to achieve profitable growth through understanding Pareto
- How Apruve can improve your company’s performance through business process automation
- & much more