In a world full of opportunities to improve, trials, countermeasures solutions and yes, waste, we all have much to be grateful for. Whatever position you are in, whatever place you are at, gratitude can be a powerful tool if harnessed and used regularly. Studies all around the world have shared the benefits of gratitude in the workplace, homes and in daily practice. In this, the spirit of gratitude and before you share in the comments section below what you are grateful for, we would like to say, thank you. Thank you to each of you who work your hardest everyday. Thank you, to each of you who come home happy and ready to serve those you love. Thank you, to each of you who have indeed IMPROVED the world through gratitude.
Many years ago a sociologist by the name of Vilfredo Pareto developed what eventually would become one of the most well known concepts in the world. Pareto who had already made significant contributions to the world of microeconomics discovered that about 80% of the wealth in italy was owned by only 20% of the population. This revolutionary discovery eventually lead to what we know today as the Pareto principle, or the 80/20 rule. Over some period of time the Pareto concept began to gain a reputation for separating what is often referred to as the vital few from the trivial many. While it is important to understand history and how things come to be what we really want to understand today is when to use the Pareto chart and how we can leverage opportunities from analyzing the chart.