He was one of the founders of LEK Consulting, an international strategic consulting firm. Koch worked as a consultant at The Boston Consulting Group and was a partner at Bain & Company.
He graduated from Oxford and has MBA from the Wharton School of the University of Pennsylvania. Richard Koch, born in 1950 in England, is an author, speaker, consultant, entrepreneur, and investor. Each chapter addresses one of the major powerful laws or a small set of laws. This book is composed of 336 pages and 12 chapters that are divided into 4 parts: "The laws of biology", "The laws of physics", "The non-linear laws" and "So?". It shows how the secrets of "Science of Success" can solve all the dilemmas of your life. "The 80/20 Principle" was written by Richard Koch, and it was released in 2017. Want to know more? So continue reading this PocketBook and be surprised by this principle driven by cause and effect relationships! About the book "The 80/20 Principle" You can be more effective in your life by simply adopting the right mentality of 80/20. The principle is applicable even in your personal life, increasing your happiness and satisfaction in relationships with other people. This relationship between effort and reward will give you support by using your time at work more efficiently.
In the same way, companies are immersed in complexity, serving several markets with large quantities of different products, trying to deal with all of them in an effective way.įaced with this is essential to understand, the not so simple but intensely powerful "80/20 Principle", or "Pareto Principle". When you finish the first activity on the list, a few more pop up in the place. In today's turbulent world, the vast majority of people have to deal daily with an incredibly long demand for tasks. This is the premise of "The 80/20 Principle", written by author Richard Koch.
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While Pareto's Law is typically used for sales, customer, or inventory analysis, The 80/20 Principle examines personal and management applications as well, including priority setting and work/life balance.įocusing on the 20% of efforts that create 80% of results isn't always easy, but it can revolutionize your business and the quality of your life.There is a very effective way to improve your professional performance: focusing your efforts on 20% of the factors that generate 80% of your results. In The 80/20 Principle, Richard Koch thoroughly examines Pareto's Law – the observation that, in any given context, "a minority of causes, inputs, or effort usually leads to a majority of the results, outputs, or rewards." This inherent nonlinearity is present in all aspects of life, and by paying attention to your efforts and results, you can identify major opportunities for improvement in every aspect of your life and business.īy identifying the critical 20% of causes and focusing time and resources on optimizing them, it is possible to realize enormous gains in productivity in relatively short order.
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Would you like to learn how to get more done with less effort, eliminate wasteful activities, and sell more to your best customers? This book can show you how. Review: 'The 80/20 Principle' by Robert Koch
From The Personal MBA's List of the 99 Best Business Books.
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