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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.
Overall a good business management book, heavy on the theory and philosophy. Only 4 stars because I couldn't quite think of it as an instant classic, but I would recommend it... Read morePublished 15 days ago by Adam Naujock
This book was featured at the one hundred seventy-third session of the LIBERTY READING CIRCLE, a grassroots organization of conservative hearts combining as one to read the same... Read morePublished 1 month ago by Chip Mitchell
Awesome book! A must read, especially for high school students and college students.Published 1 month ago by Carla
Very deep book. Text book of how Charles Koch, CEO of one of the largest privately held companies in the world works and what Charles believe and values. Read morePublished 5 months ago by Doug Glendenning
I worked at Koch for 7 years, in the '90s, when Market Based Management was being developed as a concept and talking point. Read morePublished 5 months ago by Guten Tag