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The 80 20 Principle. The Secret of Achieving More With Less. By Richard Koch

Chapter 1 Welcome to the 80/20 Principle


Quote:
For a very long time, the Pareto law [the 80/20 Principle] has lumbered
the economic scene like an erratic block on the landscape; an empirical
law which nobody can explain. -Josef Steindl

The 80/20 Principle can and should be used by every intelligent person in their daily life, by every organization, and by every social grouping and form of society. It can help individuals and groups achieve much more, with much less effort. The 80/20 Principle can raise personal effectiveness and happiness. 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. This book, the first ever on the 80/20 Principle, 2 is written from a burning conviction, validated in personal and business experience, that this principle is one of the best ways of dealing with and transcending the pressures of modern life.