"In 1897, Italian economist Vilfredo Pareto (1848-1923) noticed a regular pattern in distributions of wealth or income, no matter the country or time period concerned. He found that the distribution was extremely skewed toward the top end: A small minority of the top earners always accounted for a large majority of the total wealth. The pattern was so reliable that Pareto was eventually able to predict the distribution of income accurately before looking at the data. Pareto was greatly excited by his discovery, which he rightly believed was of enormous importance not just to economics but to society as well. But he managed to enthuse only a few fellow economists.... Pareto's idea became widely known only when Joseph Moses Juran, one of the gurus of the quality movement in the twentieth century, renamed it the "Rule of the Vital Few." In his 1951 tome The Quality Control Handbook, which became hugely influential in Japan and later in the West, Juran separated the "vital few" from the "trivial many," showing how problems in quality could be largely eliminated, cheaply and quickly, by focusing on the vital few causes of these problems. Juran, who moved to Japan in 1954, taught executives there to improve quality and product design while incorporating American business practices into their own companies. Thanks to this new attention to quality control, between 1957 and 1989, Japan grew faster than any other industrial economy."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Engineers from the United StatesJews from the United StatesImmigrants to the United StatesBusiness theorists from the United StatesPeople from Romania
Original Language: English
Available Languages (1)
Sources
Richard Koch (2003) The 80/20 individual : how to accomplish more by doing less - the nine essentials of 80/20 success at work. Introduction
https://en.wikiquote.org/wiki/Joseph_M._Juran
Revision History
No revisions have been submitted for this quote.
Categories
Joseph M. Juran
Joseph Moses Juran (December 24, 1904 – February 28, 2008) was a Romanian-born American engineer and management consultant. He was an evangelist for quality and quality management, having written several books on those subjects. He was the brother of Academy Award winner .
4 quotes on TrueQuotesView all quotes by Joseph M. Juran →
Related Quotes
"There is so much to be learned by studying how Dr. Ishikawa managed to accomplish so much during a single lifetime. I…"
"The key issues facing managers in sales are no different than those faced by managers in other disciplines. Sales man…"
"Total Quality Management (TQM) in the Department of Defense is a strategy for continuously improving performance at e…"
"Aye, think! Since time and life began, Your mind has only feared and slept; Of all the beasts they called you man Onl…"
"I can live as the boys live, and if God wishes the work to succeed, He will surely provide the means."
"In looking after the interests of the child it is necessary to cultivate the heart. You must eradicate the vices of y…"
"Yeah, that story’s not finished. We have more things written already and figured out for it to finish, but somebody’s…"
"The kids’ business of animation is pretty much gone at this point, but adult animation has been steadily rising for t…"
"When my career dies, and I can’t sell a project or do anything else, that’s when [Dexter’s Laboratory] will return to…"
"I am firmly convinced that the conduct of the Irish in America has been strongly influential in winning for those at …"