In business the 80/20 principle is behind any innovation, any extra value. It is an entrepreneurial principle, a formula for value creation utilized not only by entrepreneurs, but by most managers and organizations. Richard Koch More Quotes by Richard Koch More Quotes From Richard Koch Few people take objectives really seriously. They put average effort into too many things, rather than superior thought and effort into a few important things. People who achieve the most are selective as well as determined. Richard Koch motivationalinspirationalsports Strive for excellence in few things, rather than good performance in many. Richard Koch striveperformancesexcellence If we did realize the difference between the vital few and the trivial many in all aspects of our lives, and if we did something about it, we could multiply anything that we valued. Richard Koch aspectrealizingdifferences 80% of the results come from 20% of the causes. A few things are important; most are not. Richard Koch causesimprovementimportant The few things that work fantastically well should be identified, cultivated, nurtured, and multiplied. Richard Koch shouldactionwork Hard work leads to low returns. Insight and doing what we want lead to high returns. Richard Koch returnhard-workwant To get useful new ideas, we must go beyond our immediate circle and make contact with distant parts of the social system. Richard Koch circlessocialideas It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways. Richard Koch prioritiesqualityworry The 80/20 principle - that 80 percent of result flow Richard Koch flowprinciplespeople There is no shortage of time. In fact, we are positively awash with it. We only make good use of 20 per cent of our time.... The 80/20 principle says that if we doubled our time on the top 20% of activities, we could work a two-day week and achieve 60 per cent more than now. Richard Koch principlesusetwo What could you achieve that would make you proud, that no one else could do with the same ease? Richard Koch achieveproudease To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness. Richard Koch importantdeterminationgiving Use all the willpower at your disposal to make yourself happy. Construct the right stories about yourself - and believe them! Richard Koch usestoriesbelieve Celebrate exceptional productivity, rather than raise average efforts. Richard Koch celebrateeffortaverage The key is to work out the few things that are really important, and the few methods that will give us what we really want. Richard Koch work-outkeysgiving People think that creativity is largely a matter of talent, experience, or luck. They are wrong. Talent, experience, and luck are all key elements, but there is something more fundamental, accessible, and powerful that you can use to multiply your creative effect. Richard Koch creativitypowerfulthinking Our current use of time is not rational. There is therefore no point in seeking marginal improvements in how we spend our time. We need to go back to the drawing board and overturn all our assumptions about time. Richard Koch drawingboardsneeds Progress is personal; it comes from individuals demanding more of themselves and everyone else. Richard Koch individualprogress Make the choice that you want to be happy. You owe it to yourself and you owe it to other people too. Richard Koch choiceswantpeople It is not that we are short of time....It is the way that we treat time, even the way that we think about it. A time revolution..is the fastest way to make a giant leap in both happiness and effectiveness. Richard Koch effectivenessgiantsthinking
