The Science of Success: How Market-Based Management Built the World's Largest Private Company
| Author | : | |
| Rating | : | 4.48 (711 Votes) |
| Asin | : | 0470139889 |
| Format Type | : | paperback |
| Number of Pages | : | 208 Pages |
| Publish Date | : | 2013-10-21 |
| Language | : | English |
DESCRIPTION:
"There is now an Ameristar Casino and Hotel where the Council Bluffs asphalt plant once stood," Koch writes proudly. (The book is dedicated in part to the family of the late J. Otherwise one division might wind up subsidizing another, denying Koch the chance to invest the money at a higher return elsewhere. Performance measures like energy costs should be measured against an ideal, not a budget, he says, and when divisions transfer products among themselves they should be at market prices for the entire amount of goods being "sold," not just a portion. The question is whether anybody but Charles Koch could pull off a similar feat. Along the way, Koch notes, there have been huge failures, including a foray into shipping and an attempt to build a cattle-feed-to-steaks agribusin
Required reading I worked at Koch for 7 years, in the '90s, when Market Based Management was being developed as a concept and talking point. It was exciting to be a part of the practical application of everything from Austrian economics to Greek philosophers. I would consider this book to be required reading for anyone trying to understand how to run a company in a fair and rational way. It's a quick read, but I find myself going back. "An Outstanding Bookwish every Koch detractor would read it." according to Don C. Hampton. I have spent my life in or near the business world and have been in a position to help suffering businesses consider better management methods. Wish I'd read this book years ago. It is no wonder Charles Koch and his family have achieved what they have. As to their detractors, if you haven't read this book or haven't been inside the Koch organization you probably don't have a clue as to what you are talking about. READ. SuSu said Had high hopes, but found it to be fairly mediocre. I had really high hopes for this book, I honestly did. I was expecting a scientific analysis of this business management style but, instead, I have thus far seen just a hazy picture of the author's ideals for society. The book takes on a decidedly boastful tone wherein the author remarks in literally every few paragraphs about the self-attributed meteoric rise of their business, but there are very few details regardin
MBM is an invaluable tool for engendering excellence for all groups, from families to nonprofit entities. Constitution put into building a nation of entrepreneurs, Charles Koch has framed to build an enduring company of entrepreneurs—a company larger than Microsoft, Dell, HP, and other giants. Every entrepreneur should study this book." —Verne Harnish, founder, Young Entrepreneurs' Organization, author of Mastering the Rockefeller Habits, CEO, Gazelles Inc.. Koch has studied how markets work for decades, and his commitment to pass that knowledge on will inspire entrepreneurs for generations to come." —T. No one makes a better case for these principles than Charles Koch." —Rob Walton, Chairman, Wal-Mart"What accounts for Koch Industries' spectacular success? Charles Koch calls it Market-Based Management: a vision that nurtures personal qualities of humility and integrity that build trust and the confidence to enhance future success through learning from failure, and a culture of thinking in terms of opportunity cost and comparative advantage for all employees." —Vernon Smith, 2002 Nobel laureate in economics"In a very thoughtful,