SOME LAWS IN IT, BUSINESS AND MANAGEMENT

Compiled by Vench Limpiada

" and that a sufficiently large bureaucracy will generate enough internal work to keep itself 'busy' and so justify its continued existence without commensurate output.or Storage requirements will increase to meet storage capacity. a similar law is Wirth's law.html#ixzz20CExCS1B . • • • • In computers: Data expands to fill the space available for storage. Source:: http://www.In terms of computer executable code filling CPU resource (see software bloat). Proposed in 1955 in jest by the UK political analyst and historian Cyril Northcote Parkinson (1909-93) while criticizing the British Admiralty (which was growing bigger while the number of sailors and ships under its care was going down).com/definition/Parkinson-s-Law.businessdictionary. It is quoted more as a keen insight into the functioning of large organizations than as an empirical reality.PARKINSON'S LAW • Observation that "work expands to fill the time available for its completion.

PARETO PRINCIPLE'S LAW • The Pareto principle (also known as the 80–20 rule. and the principle of factor sparsity) states that. "80% of your sales come from 20% of your clients". The number k may vary from 50 (in the case of equal distribution. Business-management consultant Joseph M. 100% of the population have equal shares) to nearly 100 (when a tiny number of participants account for almost all of the resource). he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.. where something is shared among a sufficiently large set of participants. who observed in 1906 that 80% of the land in Italy was owned by 20% of the population. there must be a number k between 50 and 100 such that "k% is taken by (100 − k)% of the participants".g. the law of the vital few. Mathematically. There is nothing special about the number 80% mathematically. 80% of the output comes from 20% of the people. e. i. for many events.[3] • • . It is a common rule of thumb in business. Juran suggested the principle and named it after Italian economist Vilfredo Pareto. but many real systems have k somewhere around this region of intermediate imbalance in distribution.e. roughly 80% of the effects come from 20% of the causes.

Peter (1910-90) who popularized this observation in his 1969 book 'The Peter Principle.businessdictionary." Thus. Laurence J. as people are promoted.' • Source: http://www. they become progressively less-effective because good performance in one job does not guaranty similar performance in another.PETER PRINCIPLE • Observation that in an hierarchy people tend to rise to "their level of incompetence.html#ixzz20CF932AE . Named after the Canadian researcher Dr.com/definition/Peterprinciple.

bureaucracies are difficult to dislodge or change.businessdictionary. • Once instituted. • Source: www. • (3) written and inflexible rules. • (2) rigid division of labor. and procedures. regulations.com . and • (4) impersonal relationships.BUREAUCRACY • System of administration distinguished by its • (1) clear hierarchy of authority.

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