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“Unlike many management books, which are little more than over-heated and overspun drivel, this one deserves as wide an audience as possible.” (The Business, Saturday 9th June 2007)
This groundbreaking book includes the same material used by the leaders and employees of Koch companies to apply Market-Based Management (MBM) to get results. In it, Charles Koch outlines the unique management methodology developed and implemented by Koch Industries. Koch credits MBM for its 2,000-fold growth since 1967, with today having 80,000 employees in 60 countries and with $90 billion in revenues in 2006. MBM is a scientific approach to management that integrates theory and practice, and provides a framework for dealing with the ongoing challenges of growth and change. There really is a science behind success, and it can be applied to any organization.
MBM is rooted in the Science of Human Action, and is defined by five dimensions:
When these dimensions are applied in an integrated, mutually reinforcing manner, they create continuous transformation and positive growth. Any organizationcorporation, small business, nonprofit, government agencycan apply these proven principles.
In addition to an in-depth discussion of MBM's five dimensions, this book also draws on Koch's candid examples of his company's successes and failures. Born out of a life-long study of economics, science, philosophy, psychology, political theory and history, MBM is essentially a practical business application of the principles that have led to innovations and the most prosperous, peaceful, robust economies in history. Let this book show you how to apply the same management philosophy that has served Koch Industries so effectively. MBM will benefit you, your company, your customers and your employees. For more information about Market-Based Management, visit www.mbminstitute.org.
The book is easy to read and understand.
This book is a must read for students and managers who are interested in understanding the linkage between economic theory and profitable business practice.
As Charles G. Koch explains in the Preface to this book, Market-Based Management® (MBR®) has enabled Koch Industries, Inc.
Great read! Had to buy the book, would have liked to have had an iBooks version.Published 13 days ago by Bob
Move the Business Forward - Do the Right Thing! A must read for entrepreneurs and executives. Market Based Management (MBM) can be applied to organizations and is rooted in five... Read morePublished 18 days ago by Brett Vanderwater
Good overall approach to management, but process more complicated than it needs to be.Published 21 days ago by Paul
Clear, concise and well-written, I only wish Charles would explore the MBM concepts in much greater detail. There is a lot to learn from this man.Published 1 month ago by A. Wilson
EXCELLENT book from a master entrepreneur. You will learn about thought processes and action to help your business grow.Published 1 month ago by Jo Anne Smith
Written for those entrepreneurial leaders and businessmen an excellent summary of common sense molten into a structured and experienced way to achieve higher(est) performance. Read morePublished 1 month ago by Kurt Hameeuw
Koch is a very deliberate, clear thing man. He knew there was a better way. He developed it and then put it in place and continues to gain wisdom from it and make changes to... Read morePublished 2 months ago by B. Bebee
What Charles Koch does in this book is provide a framework for how they at Koch Industries manage. It's straight forward but it's not simple. Plus, it's insightful. Read morePublished 3 months ago by Bill Wiersma