Prepare a Pareto analysis of the data collected from the entrepreneurs.

A large number of successful entrepreneurs across Canada and the United States with companies that experienced 150% growth on average for each of the first five years of operation were polled. The entrepreneurs were asked which one single attribute they felt had the greatest impact on their success. The chart below is a record of their responses.

 

Success Factor Number of Occurrences
Experience 18
Education 22
IQ Score 25
EQ Score 38
Presentation Skills 41
Creativity 45
Leadership 50

 

 

 

 

 

 

 

 

 

 

 

  1. A) Prepare a Pareto analysis of the data collected from the entrepreneurs (3 marks)

 

  1. B) What does this analysis reveal about the responses from the entrepreneurs.

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