The 80/20 Principle and 92 Other Powerful Laws of Nature: The Science of Success
Language: English
Pages: 228
ISBN: 1857886119
Format: PDF / Kindle (mobi) / ePub
In this follow-up to his best-selling The 80/20 Principle, the power law that helped hundreds of thousands achieve more by doing less, Richard Koch puts science to work, applying ninety-two other natural laws to promote the "science of success" within the ever-changing world of business. What does Charles Darwin's theory of natural selection prove about developing a niche product line? How can Isaac Newton's laws of motion and gravity help in a crowded marketplace? This is a must-have book for business leaders looking for clear, evidence-based reasoning that explains why some companies seem to find success everywhere they turn, while others don't make progress.
perspective on business Business genetics for executives—six action rules Summary Action implications 3 On Gause’s Laws Differentiate Gause’s principle of survival by differentiation Gause’s principle of competitive exclusion Coexistence, dominance, and bi-stability Ecological niches and MacArthur’s warblers Finding unique niches Who can invade whom? Bi-stability is better than coexistence The danger of having one key to success in an industry Differentiation is a set of actions to
In doing so, you should use the ‘co-development’ principle as much as possible; that is, use the latest evolutions from other markets to help bolster your offering, if possible using new partners who exemplify the highest level of evolution in other markets. Darwin added the principle of natural selection, where the odds against survival are high, resulting in a struggle for life; where the environment determines whether or not species and individuals survive; and where there is a large element
is irreversible: the gene passes on its information, and the information cannot be supplemented by anything that happens to the body within which the gene sits. Although the gene can be damaged if its vehicle is (for example by toxins or radiation), characteristics thus acquired, like a tan from spending time in the sun, are not passed on to any offspring. Reflecting on these facts led Oxford biology professor Richard Dawkins to publish The Selfish Gene in 1976.2 Instead of describing natural
energy (E) when multiplied by the square of the speed of light (c). The special theory was very helpful in elaborating quantum theory, which arrived courtesy of Max Planck and Niels Bohr in the early years of the twentieth century. The general theory deals with gravity and corrects Newtonian physics. It extends the special theory to take in systems that are accelerating, like bodies in space. As a result of the general theory, therefore, we enjoy all the insights from twentieth-century
relationships. Alliances are also the dominant trend in the financial services industry, in computers and in telecommunications. Nor need alliances be confined to one industry. Coca-Cola, McDonald’s and Disney have a global alliance that benefits them all, combining Coke’s brand and marketing, McDonald’s distribution strengths and Disney’s branded characters. Virgin uses its brand to enter other businesses, but often without doing anything else, and certainly without acquisition. It is often