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Why Do So Many Business People Ignore The 80-20 Rule?
I was discussing Richard Koch's book "The 80/20 Principle: The Secret of Achieving More with Less!" with a client yesterday and it became apparent that lots of business people are either not aware of this concept, or do not know how to relate it to their business. Richard says that 80% of our results come from 20% of our activities. This can be seen to be true in just about any business I have had any involvement with as an Accountant and is something I continually tell people to look out for.

Other richard koch Related Articles

Guerrilla Effectiveness
There is a world of difference between efficiency and effectiveness, and it’s in that world that guerrillas flourish. They are well aware of the power and omnipresence of the 80/20 rule and have probably read Richard Koch’s book, "The 80/20 Principle" because even its subtitle -- "The Secret of Achieving More with Less" -- is guerrilla through and through. It dramatically emphasizes the effectiveness that can be gained by simplicity.
Paying Attention to What We Pay attention To
"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." Richard Koch in his book, The 80/20 Principle. An important key is to be aware of what we are paying attention to.

Richard Branson Virgin
Its name may raise some eyebrows, but there can be no doubt as to the tremendous success of the Richard Branson Virgin Group. Run as a cluster of separate and distinct companies that come together under the Virgin brand, this Group was first established by British entrepreneur Sir Richard Branson. With services that range from travel and music to wine, cosmetics, and even bridal wear, Virgin remains one of the most successful privately held corporations in the U.K., and indeed, the world.

How Am I Doing?
“How am I doing?” was a question former New York City mayor Ed Koch often asked his constituents. In an effort to make sure he was meeting their needs, he surveyed their opinions constantly. Not a bad idea since it not only gave him valuable feedback to consider but also showed everyone that he was open to getting their honest opinions so he can improve his performance. Do you do this with your customers? Chances are that you don’t, or perhaps you do it in a somewhat ineffective manner.
The Success Formula, continued. Step 1: Building Your Ideal Future State
Richard’s last article, The Success Formula (Success = Results Delivered x Fulfillment Lived), generated a lot of interest, especially around the suggestion that to achieve true success, it is necessary to “make the abstract components of success tangible and definable.” Many readers asked how to achieve this task. To respond, Richard’s next few articles will address four steps to overcoming the challenges of understanding both variables in the Success Formula. In the present article, he explains how to build a solid “Ideal Future State” – a reliable frame of reference that will act as a powerful beacon, guiding the ongoing decision-making process involved in achieving success.

Building a successful legacy one purposeful act at a time
In this article, Richard Monette expands on his popular article "The Success Formula". He uses the example of the Banff Centre - one of Canada's most well known and successful professional development hubs - 75th anniversary to present a clear recipe to building a successful legacy. Richard highlights the importance of broadening the spectrum of criteria organizations and individuals typically use to measure their success. More specifically, Richard explains how to go beyond the concrete, easily measurable and tangible results and account for the intangible, fleeting outcomes behind those numbers. Richard concludes that defining the fulfillment variable in the Success Formula is not a license to avoid the hard work required to deliver results.

Why Do So Many Business People Ignore The 80-20 Rule?
I was discussing Richard Koch's book "The 80/20 Principle: The Secret of Achieving More with Less!" with a client yesterday and it became apparent that lots of business people are either not aware of this concept, or do not know how to relate it to their business. Richard says that 80% of our results come from 20% of our activities. This can be seen to be true in just about any business I have had any involvement with as an Accountant and is something I continually tell people to look out for.
Dear Richard (Posner), Love Richard (Thaler)
There is a nice note from behavioral economist Richard Thaler to law & economics sort Richard Posner out. The former takes the latter to task for his WSJ OpEd criticizing his support of a Consumer Financial Protection Agency.
Koch Industries' Environmental Crimes
The Koch companies have a notorious environmental record. According to Greenpeace, in the last 15 years they have amassed an impressive rap sheet that includes everything from environmental violations to negligence causing death.
Koch Industries Financing Climate Denial
Koch Industries finances groups that fight environmental regulation, oppose clean energy legislation, and undermine limits on industrial pollution. Koch Industries misinforms the public on several environmental fronts including keeping the "ClimateGate" fallacy alive. Many of the supposed experts speaking against global warming are on the Koch payroll. From 1997 to 2008, the Kochs funneled more than $48.5 million to organizations that support climate change denial.

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