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 […]
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