The 80/20 principle - that 80 per cent of results flow from just 20 per cent of the causes - is a principle adopted by many effective people and organizations. This text shows how you can achieve more with less effort, time and resources, by concentrating on the that 20 per cent. The pattern of predictable imbalance crops up throughout life. In this text, Richard Koch uses a wide range of examples from business, personal and social spheres, to demonstrate the 80/20 principle
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In 1897, Italian economist Vilfredo Pareto, in his study of the patterns of wealth and income, observed that the distribution of wealth was predictably unbalanced. He first discovered this pattern in 19th-century England and found it to be the same for every country and time period he studied. Over the years, Pareto's observation has become known as the 80/20 principle.
Now in 1998, Richard Koch takes a fresh look at the 80/20 principle and finds that the basic imbalance observed by Pareto 100 years ago can be found in almost every aspect of modern life. Whether you're investing in stocks, analyzing company sales, or looking at the performance of a Web site, you'll find that it's usually 20 percent that produces 80 percent of the total result. This means 80 percent of what you do may not count for much. Koch helps you to identify that 20 percent and shows you how you can get more out of your business, and life, for less.From the Publisher:
From The 80/20 Principle:
"The 80/20 Principle can and should be used by every intelligent person in their daily life...It can multiply the profitability of corporations and the effectiveness of any organization. It even holds the key to raising the quality and quantity of public services while cutting their cost... The 80/20 Principle asserts that a minority of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards. Taken literally, for example, 80 percent of what you achieve in your job comes from 20 percent of the time spent. Thus for all practical purposes, four fifths of the effort--a dominant part of it--is largely irrelevant."
To learn how you can tap the hidden potential of the 80/20 principle in your life, read Richard Koch's exciting new book.
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Book Description Nicholas Brealey, 1998. Paperback. Book Condition: New. book. Bookseller Inventory # 1857881680
Book Description Nicholas Brealey, 1998. Paperback. Book Condition: New. Bookseller Inventory # P111857881680