‘The 80/20 Principle’ by Richard Koch is a wonderful book. Accurately, it is a revolutionizing one to the individual (personal life) way of life and to businesses (work/career/industry) alike. These two areas almost cover the entire human sphere.
The main idea behind the principle is that ‘20% of effort/input will always produce 80% of results/outputs while the other 80% of effort/input will produce only 20% of the results/outputs.’ He claims that minority of causes usually lead to majority of the rewards. He presents quite a load of evidence in support of this idea.
Calling it unconventional wisdom, he urges the reader to focus on the vital few areas of our business that seem to run the load of the results we get. He then advocates that expanding these few areas, their influence, their effort is what will ensure nimble success.
His argument causes the reader to understand why withdrawing effort/input from the trivial areas – those that have least profit/value – to use it on the few/vital high productive areas promotes wining in the area of concern.
At the heart of the 80/20 principle is the process of substitution. Exchanging what doesn’t work for what does.
He also introduces an 80/20 thinking that provides insight and promotes selectivity. On the other hand, it dispels linear thinking. With its use, the reader is taught to focus on the few important things.
From ‘The 80/20 Principle’, the reader acquires an agile vigilance toward nonlinear thinking of what is important. In every step, the reader asks if value is added or essential support provided. If neither is evident, the step is seen as a waste. Therefore, cut down.
For everyone who wants to promptly improve productivity in business, and profits; for each individual who desires to magnify the effectiveness of their relations, time, and quickly multiply their happiness, ‘The 80/20 Principle’ by Robert Koch is a formula worth considering.
