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The 80/20 Principle (Review and Analysis of Koch's Book)

The 80/20 Principle (Review and Analysis of Koch's Book)

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The 80/20 Principle (Review and Analysis of Koch's Book)

ratings:
4/5 (4 ratings)
Length:
39 pages
33 minutes
Publisher:
Released:
Feb 15, 2013
ISBN:
9782806229823
Format:
Book

Description

The must-read summary of Richard Koch's book: "The 80/20 Principle: The Secret of Achieving More With Less". 

This complete summary of the ideas from Richard Koch's book "The 80/20 Principle" shows that 80% of the results in any system will flow from just 20% of the efforts. Further demonstrating that the key to success is to expand on this 20%, this summary will offer you 10 techniques to do so. 

Added-value of this summary: 
• Save time 
• Understand key concepts
• Expand your management skills

To learn more, read "The 80/20 Principle" and take advantage of this exceptionally useful paradigm! 
Publisher:
Released:
Feb 15, 2013
ISBN:
9782806229823
Format:
Book

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Inside the book

Top quotes

  • Actively look for ways to increase the amount of produc-tive time applied to your life. Look for complimentary activ-ities that will be equally pro-ductive.

  • Take every step possible to make what you most enjoy doing the way you earn a living.Become free from working for anyone else.

  • Be willing to pay to learn from the best in your niche, and observe how they think, act and spend their time.

  • Under this approach, resources can then be focused on the key smaller proportion of the inputs to maximize results. Alternatively, as already mentioned, attention can be turned to in-creasing results from the under performing major proportion of inputs.

  • The paradox is that as companies become larger, they invariably become more complex, and that complexity reflects itself in an increase in overheads which almost always out-weighs the additional revenues generated by the new operational lines.

Book Preview

The 80/20 Principle (Review and Analysis of Koch's Book) - BusinessNews Publishing

Book Presentation

The 80/20 Principle by Richard Koch

Summary of The 80/20 Principle (Richard Koch)

Book Abstract

MAIN IDEA

The 80/20 principle is that 80-percent of the results in any system will flow from just 20-percent of the efforts. Therefore, the key to being more productive and better organized is to focus on expanding the productive 20-percent rather than trying to eliminate the unproductive 80-percent.

Specifically, the 80/20 principle suggest that higher productivity in any activity will be achieved by:

Celebrating and expanding exceptional performance rather than trying to raise the overall average.

Looking for productive short cuts that still achieve 80-percent of the intended results rather than plodding on.

Using the least possible effort to maintain control over your life rather than making things difficult for yourself.

Seeking and working towards excellence in a few things rather than competence in a lot of different areas.

Outsourcing as many non-productive tasks as possible to other people so you can focus on where you are highly productive.

Choosing a career in which you can either be self employed or employ other people to multiply your effectiveness.

Only doing those things that you love doing and that you personally do very well.

Becoming aware of the ironies and oddities that lie just beneath the surface that most people never even think about.

Always working out where 20-percent of your efforts will lead to 80-percent of the results.

Targeting a limited number of very valuable goals

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