Pareto charts can be used to improve company productivity by helping to identify the most significant causes of productivity issues. According to the Pareto principle, 80% of the consequences stem from 20% of the causes. By using a Pareto chart, a company can visualize this principle and identify the 20% of issues that are causing 80% of their productivity problems. Once these major issues are identified, the company can focus their improvement efforts on these areas, which should lead to a significant increase in overall productivity.
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