The 80/20 Principle by Richard Koch – Productivity Book Group
Productivity Book Group [ http://productivitybookgroup.org ] discussed The 80/20 Principle, Third Edition: The Secret to Achieving More with Less [ https://amzn.to/2MWKwLg ] by Richard Koch.
Enjoy the discussion!
Here’s an interview where Richard Koch speaks about The 80/20 Principle, to get a feel for what he’s driving at in his work.
Richard Koch is a former management consultant, entrepreneur, and writer of several books on how to apply the Pareto principle (80/20 rule) in all walks of life. Richard has also used his concepts to make a fortune from several private equity investments made personally. Richard’s investments have included Filofax, Plymouth Gin, the Great Little Trading Company and Betfair. Previously he had been a consultant at Boston Consulting Group and later a partner at Bain and Company, before leaving to start management consulting firm L.E.K. Consulting with Jim Lawrence and Iain Evans.
Amazon Book Description
Be more effective with less effort by learning how to identify and leverage the 80/20 principle: that 80 percent of all our results in business and in life stem from a mere 20 percent of our efforts.
The 80/20 principle is one of the great secrets of highly effective people and organizations.
Did you know, for example, that 20 percent of customers account for 80 percent of revenues? That 20 percent of our time accounts for 80 percent of the work we accomplish? The 80/20 Principle shows how we can achieve much more with much less effort, time, and resources, simply by identifying and focusing our efforts on the 20 percent that really counts. Although the 80/20 principle has long influenced today’s business world, author Richard Koch reveals how the principle works and shows how we can use it in a systematic and practical way to vastly increase our effectiveness, and improve our careers and our companies.
The unspoken corollary to the 80/20 principle is that little of what we spend our time on actually counts. But by concentrating on those things that do, we can unlock the enormous potential of the magic 20 percent, and transform our effectiveness in our jobs, our careers, our businesses, and our lives.
Our next reading selection IS:
(Please listen to understand the context of the resources provided. If we missed something, please comment on the episode and let us know!)
- The 80/20 Principle, Third Edition by Richard Koch
- Getting Things Done by David Allen
- Cours d’Économie Politique by Vilfredo Pareto
- Multiple intelligences – Howard Gardner
- Simplify: How the Best Businesses in the World Succeed by Richard Koch
- Superconnect: Harnessing the Power of Networks and the Strength of Weak Links by Richard Koch
- The 4-Hour Workweek by Tim Ferriss
- The Five-Hour Workday: Live Differently, Unlock Productivity, and Find Happiness by Stephan Aarstol
- Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte
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I’m Ray Sidney-Smith. Here’s to your productive life!
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