The80/20 Principle by Richard Koch is book review for this week. In this video BookLab summarize this classic nonfiction book about how you can achieve more 385. 99 ratings6 reviews. "READ THIS BOOK AND USE IT." TIM FERRISS. Millions of highly effective people have become more successful by understanding the RichardKoch’s The 80/20 Principle will show you how to ensure your efforts produce the best possible results. About Richard Koch. Richard Koch is the author of the Personal MBA-recommended book The 80/20 Principle. The 80/20 Principle has been articulated in all sorts of ways by many different people, but the central idea is the same: a Theprinciple is taken from a pattern discovered by an Italian economist by the name of Vilfredo Pareto (1843-1923). Here is a basic summary of the 80/20 principle from the first chapter of the book. The 80/20 Principle asserts that a minority of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards. Inthe 20 years since its first publication, THE 80/20 PRINCIPLE has become a business classic and a global bestseller. In this new edition Richard Koch outlines a fresh understanding of the true power of the principle. And it is powerful: the 80/20 principle - the counter-intuitive yet prevalent fact that 80% of results flow from 20% of causes - is the . DNFhalfway through. I accidentally checked this book out thinking it was Richard Koch's better-known (and better-reviewed) book, The 80/20 Principle: The Secret to Achieving More with Less. Instead, this book is a series of bad analogies that snowball into nonsensicality. Example 20% of motorists cause 80% of accidents. 20% of sales generate 80% of profits. The 80/20 rule says that 80% of your positive results (happiness, sales, etc.) come from 20% of your time (effort, work, etc.) Take a close look at how you spend your time and remove the activities that have the smallest impact on success or happiness. Thisprinciple is a secret known to highly effective people and organizations. The book reveals that many aspects of our lives can be explained by the 80/20 principle. For example, it explains that 20 percent of customers account for 80 percent of revenues and that 20 percent of our time accounts for 80 percent of the work we accomplish. RichardKoch is the author of The 80/20 Principle, which has sold more than a million copies, and been published in approximately forty languages. He is also a successful entrepreneur and investor whose ventures have included Filofax, Plymouth Gin, Belgo restaurants and Betfair, the world’s largest betting exchange. Reviewed in India on The 80/20 Principle" by Richard Koch is a wonderfully written book on how to apply the title principle into parts of your work life, in order to make changes for the better. In fact, the author is the first to have given a name to this strategy, as its application was seen in prior historical accounts but was never really given a name.

80 20 principle richard koch review