December 30, 2009
what is lagniappe?
Using Pareto’s Law and Flip Traditional Marketing
Vilfredo Federico Damaso Pareto was an Italian economist that made a famous observation in 1906. He stated:
“20% of the population in Italy owns 80% of the property”.
The rule was popularized in the early 1940’s by Joseph Juran and is now commonly referred to as the 80/20 [...]
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December 28, 2009
what is lagniappe?
Lagniappe is much more than the baker’s dozen
In order to understand a baker’s dozen, we need to go back to its origin:
It dates back to the 13th century during the reign of Henry III, a.k.a ‘Henry the Turd’. During this time there was a perceived need for regulations controlling quality, pricing and checking weights [...]
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