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Kaizen Song: Mr. ParetoThis one was inspired by hearing Mr. Roboto on the radio shortly after helping a team make good use of Mr. Pareto's chart and related 80-20 principle during a lean implementation planning session. What else rhymes with "kilroy"? Mr. Pareto (to the music of Mr. Roboto by Styx) Domo arigato, Mr. Pareto, We're wondering what’s gone wrong, machine or man error again A labor variance, we've been hiding, as consulting fees These are not defects, without causation, we have to go see A great Italian, who taught us how to ask Domo arigato Mr. Pareto, domo domo Thank you very much, Mr. Pareto The problem's plain to see: the trivial many The answer’s down to stats By Jon Miller - July 10, 2008 10:03 AM |
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You probably wouldn't have like Vilfredo Pareto as a person. He developed his theories while attempting to prove that income in Europe was "unfairly" distributed. He was a thorough communist and his 80/20 "rule" was derived from his hypothesis that 80% of the wealth in Europe was controlled by 20% of the population--and that was, of course, unfair. He would roll over in his grave if he knew what we capitalist oppressors had done with his work! That's interesting. Ironically, we in the U.S. are now at the point where top 1% control 90% of the wealth, according to recent studies. Pareto's law fails here. I have read that if you have money in the bank--even a little--and spare change in your pocket you are in the top 20% worldwide. |









