---
title: "80/20 Business Transformation: What to Expect"
description: 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.
image: https://blog.itreconomics.com/hubfs/pexels-photo-872957-1.jpeg
---

Solutions

# 80/20 Business Transformation: What to Expect

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.

[ ITR Economics ](https://blog.itreconomics.com/blog/author/itr-economics)

 Nov 1, 2018

---

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.](https://strategex.com/)** – 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](https://strategex.com/80-20/#Experts)**  
Vice President, Strategex, Inc.

![webinar dual speakers template 2](https://blog.itreconomics.com/hs-fs/hubfs/webinar%20dual%20speakers%20template%202.png?width=2500&name=webinar%20dual%20speakers%20template%202.png)

[Solutions](https://blog.itreconomics.com/blog/tag/solutions)

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