Richard John Koch (born 28 July 1950 in London) is a British author, speaker, and investor, and a former management consultant andentrepreneur. 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 went to Windsor Grammar School and attended 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 M.B.A. 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.
The 80/20 Principle (First Published in 1997)
In 1997 Koch published The 80/20 Principle, which has since sold more than a million copies and been translated in 34 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 business, where it 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 80/20 Principal – Richard Koch