Richard Koch
| Richard John Koch | |
|---|---|
 |
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| Born |
28 July 1950 London, Britain |
| Education | M.B.A. University of Pennsylvania, Wadham College, Oxford University (M.A.) |
| Occupation | Author, speaker and investor |
| Employer | Self |
| Notable work | The 80/20 Principle |
| Website | www |
Richard John Koch (born 28 July 1950 in London) is a British author, speaker, and investor, and a former management consultant and entrepreneur. He has written over twenty books on business and ideas, including The 80/20 Principle, about how to apply the Pareto principle in management and life.
Koch was born in London, England. He went to Windsor Grammar School and attended Wadham College at Oxford University, receiving a bachelor's degree (first class honours) in Modern History in 1971. He studied business at the Wharton School of the University of Pennsylvania, receiving an MBA with Distinction in 1975.
From 1976 to 1980, he worked as a consultant at The Boston Consulting Group, and at Bain & Company from 1980 to 1983, becoming a partner in 1981. In 1983 he co-founded the LEK Partnership. In 1990 he retired to write books and make private equity investments. He has since featured on The Sunday Times (London) Rich List.
He currently lives in Gibraltar and is a self-proclaimed sun worshipper, with homes in three other sunny countries.
Richard has authored or co-authored around 20 books dealing with business, ideas, and personal success, including the million-copy best-seller The 80/20 Principle, and The Financial Times Guide to Strategy. "Koch is someone worth listening to," says Roger Trapp of The Independent, because of his success as consultant, entrepreneur, and author.
The 80/20 Principle (1997, 2007)
In 1997 Koch published The 80/20 Principle, which has since sold more than a million copies and been translated in 35 languages. The book was a reinterpretation of the Pareto principle, extending the idea that most worthwhile results come from a small minority of effort, from a business context, where this concept was well known, to include personal life, careers and personal happiness.
The 80/20 Principle, substantially updated in 2007, has become a business classic, being named by GQ Magazine as one of the top 25 business books of all time. The Weston Review said: “We give this Dali-esque masterwork 5 stars... a beautiful collage of well written prose... the book is worth many times its price.”
The Power Laws (2001)
In The Power Laws, which was published in the US under the title The Natural Laws of Business, Koch discusses the 80/20 principle as a basic indicator of how the universe works. He sees the process of evolution, as described by Charles Darwin, as a special case of the 80/20 principle at work.
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Wikipedia