During this webinar, Marc will provide an overview of the 80/20 process and show you how to transform your business by focusing on what’s most important.
In the mid-1980s, Illinois Tool Works (ITW) became the first company to embrace the Pareto Principle as a business operating model. The move paid off, leading to 25 years of exponential growth delivering 19% compounded annual shareholder return.
What is the Pareto Principle? It’s simple to understand but, for most businesses, challenging to apply. Typically, a small percentage of inputs, 20%, generate a high percentage of outputs, 80%. For example, in business, 20% of customers typically generate 80% of sales.
In this webinar, Marc Fooksman – formerly an 80/20 Director and Group President at ITW and now Vice President at Strategex, Inc. – will cover the history of the Pareto Principle, how complexity creates unnecessary costs, and how 80/20 can simplify a business to significantly improve profitability.
Marc isn’t a theoretician, lecturer, or workshop leader. He’s had years of real P&L responsibility, with a track record of increasing earnings in once-stagnant businesses. Marc is known for his ability to empower management teams with the knowledge and skills to sustain a results-oriented culture.
During this month’s webinar, Marc will provide an overview of the 80/20 process and show you how to transform your business by focusing on what’s most important.
Marc Fooksman
Vice President, Strategex, Inc.
With an economic depression approaching, here are 5 key pieces of advice from ITR Economics you can use when leading your business through the 2030s.
ITR Economics put together a comparison of the 2008 Great Recession vs the 2030s Great Depression to help you best prepare for what’s to come.
Join us at the 2025 ITR Economics Summit to discover pricing strategies that will keep your business resilient and competitive for years to come.