August 14, 2001
Running a business – any business – is a risky proposition. We are buffeted by random variables in the economy and the marketplace that seem not only beyond our control but impossible to foresee with any true certainty. But in the groundbreaking The Natural Laws of Business, businessman and entrepreneur Richard Koch, author of The 80/20 Principle, reveals a unique and remarkably accurate way in which managers and executives can use fundamental principles of science to anticipate and dramatically improve their chances of success.
From Newtonian physics and Mendelian genetics to cutting-edge chaos theories, science explains how and why the world – including the business world – works the way it does. Now, Richard Koch provides fascinating, completely accessible explanations of key scientific and economic theories, including their history and development. Through real-life examples and practical instructions he shows us how to successfully incorporate these natural laws into daily business decisions. For instance, drawing on four centuries of scientific progress, Koch explains how Darwin’s theory of natural selection can become the key to enhancing a company’s competitive advantage; how Einstein’s theory of relativity can hold the secrets to improving time management; how the insights of evolutionary psychology can help managers improve their relationship with their employees; and how a Plague Theory formula can help predict the impact of technology or product innovation and your business.
First published in the United Kingdom, where it has garnered praise from noted academics, critics, and business leaders, The Natural Laws of Business is a groundbreaking, highly insightful examination – for science lovers and business leaders alike – of the essential tools and techniques for analyzing and dealing successfully with the ever-changing business environment of the twenty-first century.
Richard Koch, author of the internationally acclaimed The 80/20 Principle, is an extraordinarily successful entrepreneur whose ventures have included consulting, hotels, restaurants, personal organizers, and the distilling industry. Formerly he was a consultant with The Boston Consulting Group and a partner of Bain & Company.