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The 80/20 Principle: The Secret of Achieving More with Less Hardcover – 6 May 1997

4.0 out of 5 stars 76 customer reviews

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Product details

  • Hardcover: 288 pages
  • Publisher: Nicholas Brealey Publishing (6 May 1997)
  • Language: English
  • ISBN-10: 1857881672
  • ISBN-13: 978-1857881677
  • Product Dimensions: 23 x 15.8 x 2.8 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (76 customer reviews)
  • Amazon Bestsellers Rank: 241,102 in Books (See Top 100 in Books)
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Product description

Review

"Congratulations! The 80/20 Principle is terrific." (Al Ries)

"Through multiple examples, and a punchy down-to-earth commentary, Koch offers the first really useful advice we've seen in a management book for years." (The Age)

"Richard Aspel does an excellent job of enlivening to this interesting discussion of the 80/20 rule-the Pareto Principle-which states that we get 80 percent of our results from 20 percent of our activity. Koch provides background information and examples in addition to getting down to practical advice on how to put energy where it will get the greatest results. As narrator, Aspel's sensitivity is so fine-tuned and palpable that it's arresting. His approach serves to relax and soothe listeners while they blissfully absorb the wisdom offered. This is a fascinating and highly enjoyable audio that a broad range of listeners will enjoy." (AudioFile Magazine)

"The Pareto Principle--in Koch's words, "a minority of causes, inputs, or effort usually lead [s] to a majority of the results, outputs, or rewards" --is hardly new; Vilfredo Pareto discovered it in 1897. But London-based investor, entrepreneur, and author Koch traces Pareto's insight through the past century (George K. Zipf, Joseph M. Juran, IBM and other computer firms) and adds a bit of chaos theory to make the 80/20 principle a way of life. He spells out essential characteristics of "80/20 analysis" and "80/20 thinking," then explores application of this "Vital Few" approach, first in business, then in achieving personal success and happiness. Koch closes with a chapter on the social implications of the Pareto Principle, urging that this predictable imbalance between inputs and outputs is "not inherently right wing," and that steps such as spreading best practices in education to all students and giving those currently excluded from the market economy a stake in the game would generate less inequality as well as greater productivity." (Booklist) --This text refers to the Audio CD edition.

Book Description

A business classic. --This text refers to the Audio CD edition.

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Customer Reviews

Top Customer Reviews

Format: Paperback Vine Customer Review of Free Product ( What's this? )
The 20th anniversary of a business classic, brought up to date. It exhaustively lays out the application of the 80/20 principle in your business and private life. I have to say I am a great fan of the book and the principle. It is not exactly intuitive that life does follow that principle, but generally speaking, it is better to do those things which yield greater results than those which do not, and it is worth spending some time just thinking about this in most areas of your life. Some argue against the principle and there is a rather half-hearted attempt at the end of the book to deal with some of the objections. Richard Koch did not invent or discover the principle, the much neglected (sadly) Italian economist Pareto did and Koch pays due homage to the man. There are numerous illustrations of the principle in the book, and some have criticised it for this, but for me, this is what makes the book and the principle well worth reading and studying even if you have the older edition
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By R de Bulat TOP 500 REVIEWERVINE VOICE on 8 Jan. 2013
Format: Paperback Vine Customer Review of Free Product ( What's this? )
I took this book along for some light reading while I was away for a few days and I have to say that it really captured my imaginations and I find myself filling a small notebook with lists, ideas and decisions about my business. In a way, using down time where you can be quiet and reflective is a good way to approach this book, an updated version of the original - a book I bought and read many years ago, but I do not remember it resonating to such an extent. While the book may not actually change your life it will probably get you thinking in several positive ways. In essence, the book is about getting more from less, by focusing on what is most important and, not actually ignoring the rest, at least giving it less time and attention simply because it is not that important. I found myself looking at finance, pricing, efficiency and earnings as well as a different way to approach targets and goals - not too different from any other motivational book, except that this does have an air of authority and practicality _ I certainly found it helpful, without taking every idea and bit of advice without conscious thought. Nevertheless, the author, in this updated version does answer criticisms and provide a well reasoned argument for why the Pareto principle - the 80/20 principle in this book, is valid in the 21st century. Overall, impressive
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Format: Paperback Verified Purchase
A good read but I found it to be a bit heavy on detail without laying out the facts in a clear concise manner.
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Format: Paperback Verified Purchase
extremely redundant. The book is 289 pages, could easily be 5 pages long, but the author goes over and over the exact same ideas at least 10 times. So much for 80/20.
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I picked this up on the daily kindle special. I'm glad I didn't pay full price for it. The book states how you can use the principal to any part of your life. Parts of the book will not be applicable to you if you do a job that is difficult to do as a freelancer, so parts like contract out everything apart from your core business will not be relevant.

The author comes out with some quite amazing claims, Ronald Regan and Warren Buffet have never worked hard for their success and some of the world's most famous political leaders, Churchill, Kennedy, Thatcher could have been actors are just some of the many examples.

More than 80 per cent of the value of this book can be found in 20 per cent or fewer of its pages, and absorbed in less than 20 per cent of the time most people would take to read it through. Thus re-confirming the 80/20 Principle.

The book is over 300 pages but could easily be around 100.
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Format: Kindle Edition Verified Purchase
I must say that this was the most boring book i have ever reviewed, never again will i be tempted with something like this, sorry but thats how i feel about this book, maybe it was just me, i really dont know, try it for yourself eh? remember it was for free.
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Format: Paperback Vine Customer Review of Free Product ( What's this? )
This book, and the principle it explains are (I believe), hugely valuable and should be taught in school. The book is well written and wastes no time in explaining the basics. As perhaps you might expect, 80% of the value in the book comes from around 20% of the content, and this is the start of the book which explains what the 80/20 principle is and how it applies.

The book then goes on into two main sections that explain how to use the 80/20 rule in business and in your life. The business section is strong, drawing on the author's experience at high-end consulting firms, and the personal section also works well as he shows his experience in applying the principles to the big-picture life questions.

At the end the book has been updated to show how the 80/20 rule applies to networks. Now in a sense this refreshes the book and brings it up to date with a host of new examples (I did read the original version some time ago), but in my view doesn't really add much to the book, and the author loses some of the clarity of thinking he demonstrates in the first 3/4 of the book. It's as though we have an 80/20 expert dabbling in someone else's theory. The same is true when he begins to talk about behaviour change and using the subconscious - the thinking here seems a bit out of date and doesn't really stack up with what I've read or been taught from neuroscience and behavioural change experts.

Overall however, it remains an excellent book and the it remains the best exposition of a very important principle, so from that standpoint highly recommended. In a similar vein, I'd also recommend Essentialism: The Disciplined Pursuit of Less
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