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The 80/20 Principle: The Secret to Success by Achieving More with Less
by Richard Koch
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Wikipedia in English (1)
Amazon.com Amazon.com Review (ISBN 0385491743, Paperback)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.
(retrieved from Amazon Thu, 12 Mar 2015 18:07:13 -0400)
Based on the principle that twenty percent of our effort produces eighty percent of our results, the author suggests how to achieve more with less time, sweat, and resources
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