Book Review : The 80-20 Principle

March 23, 2021


                                                   ⭐⭐⭐





GENRE   Non-Fiction, Guide
AUTHOR  Richard Koch
PAGES     356
YEAR OF PUBLISH 1997


The pattern underlying the 80/20 Principle was discovered in 1897, about 100 years ago, by Italian economist Vilfredo Pareto (1848–1923). His discovery has since been called many names, including the Pareto Law. 


SUMMARY OF 80-20 PRINCIPLE

The 80/20  Rule can and ought to be utilized by every brilliant person in their everyday life, by each organization, and by each social grouping and shape of society. It can offer assistance to people and bunches to accomplish more, with less exertion. The 80/20 Rule can raise personal effectiveness and bliss. It can increase the productivity of corporations and the adequacy of any organization. It indeed holds the key to raising the quality and number of public administrations whereas cutting their fetched. This book, the primary ever on the 80/20 Principle, is written from a burning conviction, validated in individual and business experience, that this rule is one of the leading ways of managing with and transcending the weights of advanced life.

The 80/20 Rule argues that a minority of causes, inputs, or efforts usually lead to a lion's share of the comes about, yields, or rewards. Taken literally, this implies that, for the case, 80 percent of what you accomplish in your work comes from 20 percent of the time went through. In this way for all practical purposes, four-fifths of the effort—an overwhelming portion of it—is largely irrelevant. This is often opposite to what individuals normally expect. So the 80/20 rule states that there's an inbuilt imbalance between causes and comes about, inputs and yields, and exertion and compensate. A good benchmark for this awkwardness is provided by the 80/20 relationship: an ordinary design will appear that 80 percent of yields result from 20 percent of inputs; that 80 percent of results stream from 20 percent of causes; or that 80 percent of comes about come from 20 percent of the effect.





REVIEW OF 80-20 PRINCIPLE

The concept of the 80-20 principle is convincing and if you don't, then the author has ample examples to prove his point. Believe me, this book has 80% examples and 20% concepts. I was getting bored of this. Many times I thought of leaving the book but did anyway. I am speculating, author's motive is to make readers absorb its core idea.  In a sense it is correct.  I am ready for a healthy discussion on unevenness in the universe and how we can apply this philosophy to get more from less. 
Being a concept-oriented book, I was expecting profoundness and depth. I have high regard for such books. But the book was unable to produce that X-factor. Though the 80-20 principle will definitely add perspective to your wisdom but as far as the book is concerned, it has little to offer.




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