Most of the world's wealth, about 80 percent, is concentrated in only 20 percent of the population. In fact, only 20% of drivers cause 80% of accidents. You may have already realized that the relationship between work and result is not balanced, meaning most work does not necessarily generate most of the results. Overview: Most Results Are Generated by Only a Small Part of the Work Simplify and reduce the complexity of your business to succeed.ĭownload the "The 80/20 Principle" Book Summary in PDF for freeĭo you have no time to read now? Then download the free PDF and read wherever and whenever you want:.The 80/20 principle has the power to increase the company's profits.The 80/20 principle can help you improve your work process, for best results.The balance is not the natural state of the world, on the opposite, it is the imbalance. Not all work produces the same reward.Main ideas of the book "The 80/20 Principle" This concept can be applied in many areas, in order to increase your efficiency, from your company to your personal relationships. In other words, 80% of the efforts are used inefficiently, so you need to focus on the top 20% of the results. "The 80/20 Principle" says that 20% of the effort yields 80% of the reward. 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. 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.
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