Richard Koch Famous Quotes
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The road to hell is paved with the pursuit of volume. Volume leads to marginal products, marginal customers, and greatly increased managerial complexity.
If a species is diverse, it can survive and prosper. If a species is homogeneous, it is vulnerable.
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.
Only do the thing we are best at doing and enjoy most.
Laziness is the road to progress, but only when it is allied to intelligent thought and high ambition.
Chose the niche that you enjoy, where you can excel and stand a chance of becoming and acknowledged leader.
There are people who want to achieve--and then there are sane people.
Where a chunk of business is simple, the chances are that it is.
The 80/20 principle - that 80 percent of result flow
from just 20 per cent of the causes - is the one
true principle of highly effective people.
We can change the way that we think about external events, even where we cannot change them. And we can do something more. We can intelligently change our exposure to events that make us either happy or unhappy.
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.
Use all the willpower at your disposal to make yourself happy. Construct the right stories about yourself - and believe them!
It may be that you will be happiest in the rat race; perhaps, like me, you are basically a rat.
The few things that work fantastically well should be identified, cultivated, nurtured, and multiplied.
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.
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.
Make the choice that you want to be happy. You owe it to yourself and you owe it to other people too.
Instead of expending time to train yourself not to be afraid of snakes, avoid them altogether.
The 80/20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80/20 thinking.
Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.
To get useful new ideas, we must go beyond our immediate circle and make contact with distant parts of the social system.
To attain knowledge, add things every day. To attain wisdom, remove things every day. Lao-Tzu
80 percent of products, or customers or employees, are only contributing 20 percent of profits; that there is great waste; that the most powerful resources of the company are being held back by a majority of much less effective resources; that profits could be multiplied if more of the best sort of products could be sold, employees hired, or customers attracted (or convinced to buy more from the firm).
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.
Marketing, and the whole firm, should devote extraordinary endeavour towards delighting, keeping for ever and expanding the sales to the 20 per cent of customers who provide 80 per cent.
Those who seize the day become seriously rich.
Celebrate exceptional productivity, rather than raise average efforts.
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.
If we want to sum up the theory of evolution by natural selection in two words, which have great relevance for all societies and businesses, we should simply remember: diversity works.
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.
Creation occurs when ideas and individuals collide and collude.
The most successful people change the world not through sweat and tears but through ideas and passion. It is not a matter of hard work or time on the job; it is having a different view, an original idea, something that expresses their individuality and creativity. Success comes from thinking, then acting on those thoughts.
