Summary of The 80/20 Principle and 92 Other Powerful Laws of Nature
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Qualities
- Innovative
- Applicable
While the rating tells you how good a book is according to our two core criteria, it says nothing about its particular defining features. Therefore, we use a set of 20 qualities to characterize each book by its strengths:
Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations.
Analytical – You’ll understand the inner workings of the subject matter.
Background – You’ll get contextual knowledge as a frame for informed action or analysis.
Bold – You’ll find arguments that may break with predominant views.
Comprehensive – You’ll find every aspect of the subject matter covered.
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For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge.
For experts – You’ll get the higher-level knowledge/instructions you need as an expert.
Hot Topic – You’ll find yourself in the middle of a highly debated issue.
Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends.
Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out.
Inspiring – You’ll want to put into practice what you’ve read immediately.
Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects.
Scientific – You’ll get facts and figures grounded in scientific research.
Visionary – You’ll get a glimpse of the future and what it might mean for you.
Well structured – You’ll find this to be particularly well organized to support its reception or application.
Recommendation
While they were unlocking the secrets of the universe, scientists like Isaac Newton and Albert Einstein also discovered principles that are relevant to business, says entrepreneur Richard Koch. In this wide-ranging, dense but well-organized survey of science and commerce, he draws management lessons using 93 “power laws” (the familiar 80/20 principle and 92 more) from biology, evolutionary psychology, physics, game theory and chaos theory. Disappointingly, some lessons prove to be mere analogies: A subatomic particle can be in two places at once, so you should adopt a “both-and” approach to decision-making. And Koch’s theory descriptions can be too cryptic. But in the extensive sections on competition and nonlinear systems, his advice is specific and utilitarian, and the parallels with science are direct and illuminating. As a bonus, Koch provides a quick refresher on the history of science over the last 300 years, and his crisp layout and lists add clarity. getAbstract recommends his insights and methods to business students, managers and entrepreneurs seeking a fresh perspective on strategy.
About the Author
Richard Koch is an investor and bestselling author. He worked as a consultant at The Boston Consulting Group and Bain & Company, and co-founded The LEK Partnership, a strategy consultancy.
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