Richard Koch
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Richard Koch is a former management consultant, entrepreneur, and writer of several books on how to apply the Pareto principle (80/20 rule) in all walks of life. Koch has also used his concepts to make a fortune from several private equity investments made personally.
In his second book on the phenomenon, The Power Laws, he discusses the 80/20 principle as a basic principle for how the universe works, and sees the process of evolution, as described by Charles Darwin, as a special case of the 80/20 principle at work.
He also emphasizes that the 80/20 principle should not only be seen as method for making decisions or selections, but it should be combined with W. Brian Arthur's concepts of positive feedback and increasing returns.
Richard Koch graduated from Oxford University and received an MBA from the Wharton School of the University of Pennsylvania.
[edit] Selected books
- Koch, R. The 80/20 Principle. Nicholas Brealey Publishing, 1997, Doubleday 1998
- Koch, R. The Power Laws. Nicholas Brealey Publishing, 2000, published in the US as The Natural Laws of Business, Doubleday 2001
- Koch, R. The 80/20 Revolution. Nicholas Brealey Publishing, 2002, published in the US as The 80/20 Individual, Doubleday, 2003.
- Koch, R. Living the 80/20 Way. Nicholas Brealey Publishing, 2004.
