Richard Koch

Richard Koch is the author of the international best sellers The 80/20 PrincipleThe Secret of Achieving More with Less and The 80/20 Individual–The Nine Essentials of 80/20 Success at Work. Koch has also just released Living the 80/20 Way–Work Less, Worry Less, Succeed More, Enjoy More.

The Pareto Principle, an important Lean Six Sigma management theory, states that, for many events, 80 percent of the effects come from 20 percent of the causes. Joseph M. Juran, a business management thinker, formulated the Pareto Principle, or the 80-20 Principle. Juran named the Pareto Principle after Italian economist Vilfredo Pareto, who had...Full Article »