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Summary of Richard Koch's The 80/20 Principle Third Edition

Summary of Richard Koch's The 80/20 Principle Third Edition

Title: Summary of Richard Koch's The 80/20 Principle Third Edition
Author: Slingshot Books
Release: 2021-10-22
Kind: ebook
Genre: Management & Leadership, Books, Business & Personal Finance
Size: 2479201
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Excerpt From Summary of Richard Koch's The 80/20 Principle Third Edition

#1

The 80/20 Principle states that a small number of causes, inputs, or effort usually lead to a majority of the outcomes, outputs, or rewards. This means that for all practical purposes, four-fifths of the effort is essentially meaningless.

#2

The 80/20 Principle states that, for most things in life, about 80 percent of the effects come from 20 percent of the causes. It is a fundamental principle of efficiency in the world of business.

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