how creating value for others built one of the world's most successful companies Koch, Charles G. (Charles de Ganahl) 1935- creator text bibliography nyu 2015 First edition. monographic eng

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viii, 276 pages : illustrations ; 25 cm "A Legendary CEO's Unique Management System In 1967, Charles Koch took the reins of his father's company and began the process of growing it from a $21 million company into a global corporation with revenues of about $115 billion, according to Forbes. So how did this MIT engineer manage to grow Koch Industries into one of the largest private companies in the world today with growth exceeding that of the S&P 500 by almost 30-fold over the last five decades? Through his unique five-dimensional management process and system called Market-Based Management. Based on five decades of cross-disciplinary studies, experimental discovery, and practical implementation across Koch companies and their 100,000 employees worldwide, the core objective of Market-Based Management's framework is as simple as it is effective: to generate good profit. What is good profit? Good profit results when a company creates value for customers in a way that helps them improve their lives. Good profit is the result of innovations that customers freely vote for with their own dollars; it's the result of business decisions that create long term value for everyone--customers, employees, shareholders, and society. While you won't find the Koch Industries name on your home's stain-resistant carpet, your baby's more comfortable but absorbent diapers, your stretch denim jeans, or your television with a better clarity screen, MBM™ drove these innovations and many more. Here, drawing on revealing, honest stories from his five decades in business - the company's many successes as well as its stumbles - Koch walks the reader step-by-step through the five dimensions of Market-Based Management to show stockholders, entrepreneurs, leaders, students -- and innovators, supervisors and employees of all kinds, in any field --how to apply the principles to generate Good Profit in their organizations, companies, and lives"-- "Here, drawing on revealing, honest stories from his five decades in business - the company's many successes as well as its stumbles - Koch walks the reader step-by-step through the five dimensions of Market-Based Management to show stockholders, entrepreneurs, leaders, students -- and innovators, supervisors and employees of all kinds, in any field --how to apply the principles to generate Good Profit in their organizations, companies, and lives"-- pt. I. A win-win philosophy The glorious feeling of accomplishment : Life lessons from my father ; Koch after Fred : Building with stones that fit ; Queens, factory girls, and Schumpeter : The incredible (sometimes terrifying) benefits of creative destruction ; Overcoming bureaucracy and stagnation : Economic concepts to set you free ; Learning from adversity : Koch's major failures in applying MBM® pt. II. Vision : Guide to an unknown future ; Virtue and talents : Values first ; Knowledge processes : Using information to produce results ; Decision rights : Property rights inside the organization ; Incentives : Motivating the right behavior pt. III. Spontaneous order in action : Four case studies in Market-Based Management® ; Conclusion : The real bottom line Appendices : A. Koch's major business groups ; B. Businesses Koch has exited ; C. Products Koch trades Charles G. Koch. Includes bibliographical references and index. Management Philosophy Administración Filosofía Value Valor Business ethics Etica empresarial Corporate culture Cultura corporativa Customer relations Relaciones con los clientes Social responsibility of business Responsabilidad social de la empresa Success in business Éxito en los negocios HD 31 K76g 2015 658.4/08 9781101904138 (hardback) 1101904135 (hardback) 2015016119 9781101904138.jpg 9781101904138.jpg DLC 150430 20230411090825.0 18598129 eng