Summary and Info
No longer are corporations and capital king. There's a new way to create wealth that is better than the traditional route of managerial capitalism. Creative individuals are at the heart of the new revolution. In this book Koch shows how a new 21st century individualism is replacing capitalism and how individuals can create wealth and wellbeing. The revolution follows one simple principle - the 80/20 principle. Success comes from exclusive focus on the few very powerful forces operating in an arena. The most important forces to which the 80/20 principle apply are ideas and individuals, but it also applies to the other raw materials of enterprise -customers, partners, technologies, products, suppliers and capital. Wealth is most effectively multiplied by subtraction and re-arrangement of industries, not through the traditional routes of aggregation of activities and assets. More separate enterprises are created, spawned by a new idea from individuals, and linked together by markets rather than by hierarchy and central planning. The 80/20 revolution is as important as the three other revolutions in economic history - agricultural, industrial and managerial - which changed economies and societies for ever. The same will happen again, over the next two decades. The most seminal change has already happened - the most successful corporations now revolve around a few individuals. The corporation serves individuals, not the other way round. We will witness a huge wealth transfer to individuals and away fom institutions, to entrepreneurs and away from passive investors.
More About the Author
Richard John Koch (born 28 July 1950 in London) is a British author, speaker, and investor, and a former management consultant and entrepreneur.
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The 80 20 Revolution: Why the Creative Individual - Not Corporation or Capital - is King and How You Can Create and Capture Wealth and Wellbeing 0 out of 5 stars based on 0 ratings.