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Richard Koch

In my review of

Summary: The 80/20 Principle: Review and Analysis of Koch’s Book

posted on Amazon.co.uk, I gave the summary Three Stars, meaning Worthwhile.

Here is my review.

Useful summary of an important book

It must be ten years since i read Richard Koch’s book “The 80/20 Principle “. The main message is easy to remember but I thought I’d probably forgotten many of the nuances.

These book summaries fit into 80/20 thinking. You can learn most of the lessons by reading a summary that’s chopped away 80% of the bloat.

The big reminders I got were:

– be proactive. Think what are likely to be the key 20% of inputs?
– the scope of using 80/20 ideas in business is very wide. Most problems can be tackled with 80/20 thinking.

The 80/20 ideas can also be applied to your personal productivity and effectiveness as well as in your personal life. This about living life purposefully by deciding what you want and thinking about the most effective ways to do it.

The summary is useful because it’s quick to read all the way through when too many books are started and not finished. It will help you decide if you want to apply the 80/20 ideas but if you do, I suspect you’ll want to read the full book or one of the other books Richard Koch has written.

The ideas behind the 80/20 principle are important to understand and this summary provides an easy way to start learning.

There are many thousand of business books, you can see the full list of my reviews at Business Books Reviews by Paul Simister (Please click). I've also narrowed these down to a list of the 12 Best Business Books For Business Owners & Entrepreneurs (Please click).

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in Other Business Books

The Star Principle by Richard Koch

The full title of this book by Richard Koch is

The Star Principle: How it can make you rich“.

In my review on Amazon.co.uk, I gave the book Four Stars. This means it is Good and Well Worth Reading.

Here is my book review.

Putting strategy into owning, investing or working in a business

In 1970, the Boston Consulting Group publicised a two-by-two matrix that became very famous in the business world and is known as the Growth-Share matrix.

Based on ratings on high and low across two dimensions, market growth rate and market share of a particular firm, it creates four categorisations:

1) High-high = Star
2) High share – low growth = Cash Cow
3) Low share – high growth = Question mark or problem child
4) Low – low = Dog

[continue reading…]

in Best Business Books