More than 100 years ago, Italian economist Vilfredo Pareto noted that 80% of the land was owned by only 20% of the population.
From this, the 80/20 rule was derived: 80% of success results from 20% of the effort.
In "The 80/20 Principle," Robert Koch shows that this principle is universally applicable – in all areas of business and private life.
For example, 80% of a company's revenue is generated by only 20% of its customers. 80% of employees do 20% of the work. 80% of our time is spent with 20% of our friends. And 80% of the time we wear 20% of our clothes.
If we learn to recognize the 80/20 principle, we can focus on what truly matters. This way, we can accomplish much more with less effort and time – in all areas of life:
Companies should focus on where their core competence lies and outsource everything else.
The same applies to our careers. We should do what we do best (and what we enjoy doing) and continuously improve our competencies in it (keyword: T- or Pi-shaped).
In our personal lives, we should recognize those few times and events that lead to our greatest joy, use those times intensively, and actively cultivate our happiness.
I can genuinely recommend this book to everyone. It is rare to find so many good tips for a successful and happy life in such a condensed form.
🎧 Suitable as an audiobook? Yes, and it is narrated by the author himself.
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