What We Do
Origin of "Vital Few"
Mathematical Economics
Mathematical Economics
The term “Vital Few” originated with Joseph M. Juran to designate the small number of causes that generate most of the effects. A few process failures produce most of the poor quality. A limited number of customers yield most of the profit. And a subset of public policies creates the greatest losses of economic prosperity and liberty. Wh
The term “Vital Few” originated with Joseph M. Juran to designate the small number of causes that generate most of the effects. A few process failures produce most of the poor quality. A limited number of customers yield most of the profit. And a subset of public policies creates the greatest losses of economic prosperity and liberty. Whether making improvements in operations, profitability, or public policy, one should always find and fix the vital few problems first, and then turn attention to the remainder.
Our logo is a Pareto diagram illustrating the vital few.
Mathematical Economics
Mathematical Economics
Mathematical Economics
The leadership of Vital Few LLC has decades of experience in applying the inexorable mathematical principles of economic production, exchange, and value that are fundamental to all industries, nations, and times. Vital Few staff have solved problems in electronics, hospitals, government, heavy manufacturing, biologicals, insurance, food
The leadership of Vital Few LLC has decades of experience in applying the inexorable mathematical principles of economic production, exchange, and value that are fundamental to all industries, nations, and times. Vital Few staff have solved problems in electronics, hospitals, government, heavy manufacturing, biologicals, insurance, food and beverages, and scores of other settings. Their results endure across all six inhabited continents.
Mathematical economics is a powerful tool set that can stand alone, but it is also a foundational element of many other disciplines as well.
The Details
Mathematical Economics
The Details
We have expertise in the following functional frameworks and methods.
- Strategy – Enterprise, Market, Product
- Economic Research – Micro, Macro, Public Policy
- Statistical Analysis
- Quality
- Six Sigma Improvement
- Lean
- Quality by Design
- Operational Excellence
- Market Research
We have been at the forefront of innovation, publishing more than 70 research p
We have expertise in the following functional frameworks and methods.
- Strategy – Enterprise, Market, Product
- Economic Research – Micro, Macro, Public Policy
- Statistical Analysis
- Quality
- Six Sigma Improvement
- Lean
- Quality by Design
- Operational Excellence
- Market Research
We have been at the forefront of innovation, publishing more than 70 research papers and holding a United States Patent for the exact disaggregation of margin.
We also convert advanced analysis into powerful plans and execute those plans to achieve the required results.
We can coach your teams to do the same, just as we have done for others on all six continents.
Who We are
Leadership
Our netowrk
Our netowrk
John Early has deep experience as an executive leader and mathematical economist. He has served as chief customer (quality) and chief strategy officer of a Fortune 100 company, chief operating officer of a leading consultancy in quality and lean six sigma, and an assistant commissioner for the United States Bureau of Labor Statistics.
His
John Early has deep experience as an executive leader and mathematical economist. He has served as chief customer (quality) and chief strategy officer of a Fortune 100 company, chief operating officer of a leading consultancy in quality and lean six sigma, and an assistant commissioner for the United States Bureau of Labor Statistics.
His achievements include:
- Improving customer loyalty from 75% to 92%, with up to 98% retention.
- Increasing profitability by 100 basis points through better customer segmentation.
- Cutting operational deficiencies by 96%.
- Reducing cost by as much as 50% by removing costs of poor quality, applying lean, and automating.
- Creating innovative methods in statistics, technology applications, quality, and operational excellence.
- Publishing more than 60 technical papers.
- Accelerating growth by as much as 40%, including organic, acquisition, and revenue cycle growth.
- Granted a U.S. Patent for mathematical methods to disaggregate margins and margin rates into causes.
- Earned a Master Black Belt in Lean Six Sigma.
Our netowrk
Our netowrk
Our netowrk
Vital Few, LLC is fortunate to have a network of very talented individuals, each of whom has extensive experience in disciplines such as economics, quality, statistics, lean six sigma, finance, and operations. Among them they cover a wide range of industrial experience, including healthcare, electronics, aerospace, insurance, advanced ma
Vital Few, LLC is fortunate to have a network of very talented individuals, each of whom has extensive experience in disciplines such as economics, quality, statistics, lean six sigma, finance, and operations. Among them they cover a wide range of industrial experience, including healthcare, electronics, aerospace, insurance, advanced manufacturing, pharmaceuticals, medical devices, biologics, food and beverage manufacturing and service, finance, public administration.
From this superb set of resources, we can assemble a team that is exactly right for your needs.