The 80/20 principle, also known as the Pareto Principle, is a significant concept in the fields of management and business. This principle is based on the observation that roughly 80% of results are generated from approximately 20% of the sources or causes. It applies to many aspects of life and work.
In business, the 80/20 effect refers to the idea that a small number of factors or activities contribute to the majority of value or success. For example, around 20% of a company’s products or services may contribute to 80% of its sales revenue. In project management, about 20% of critical tasks may contribute to 80% of project completion progress.
Furthermore, the 80/20 principle can be applied to managing an organization’s time and resources. By identifying the most crucial activities or tasks and focusing on them, an organization can optimize work performance and achieve better results.
The FAIRVIETMAX methodology is a proactive approach to creating systematic impacts that enable participating entities to meet responsibility standards. Responsibility standards encompass a set of practices and methods that businesses apply to operate efficiently and sustainably, as evidenced by achieving the following results:
The steps that the FAIRVIET team takes to approach and provide impact solutions include:
In summary, the FAIRVIETMAX methodology focuses on assessing and implementing responsibility in business direction, sales organization, and human resources. Through its approach and solutions, this methodology aims to generate positive outcomes for both businesses and their workforce by promoting conscientious and appropriate responsibility.
Contact us today to embark on the journey of building and developing a responsible security business, not only with the goal of ensuring prosperity for the business but also to create positive impacts in the lives of thousands of blue-collar workers in the industry.
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