Good profit: how creating value for others built one of the world's most successful companies

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THE UNIQUE MANAGEMENT SYSTEM FROM A LEGENDARY CEO In 1967, Charles Koch took the reins of his father's company and began the process of growing it from a $21 million start-up into a global corporation with revenues of about $115 billion, according to Forbes.

So how did this MIT engineer manage 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(TM) 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.

From the Hardcover edition.

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ISBN:
9781101904138
9780147520494
9781101904145
9780147520470
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Grouping Information

Grouped Work ID d1ac6bb8-d7bd-6867-5864-f02ff0f837db
Full title good profit how creating value for others built one of the worlds most successful companies
Author koch charles g
Grouping Category book
Last Update 2018-05-19 23:33:41PM
Last Indexed 2018-05-20 00:26:20AM

Solr Details

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auth_author2 Michael, Paul (Actor).
author Koch, Charles G. (Charles de Ganahl), 1935-
author2-role Michael, Paul(Actor).
author_display Koch, Charles G
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display_description "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"--
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subject_facet Audiobooks, Business ethics, Corporate culture, Customer relations, Management -- Philosophy, Social responsibility of business, Success in business, Value
title_display Good profit : how creating value for others built one of the world's most successful companies
title_full Good Profit How Creating Value for Others Built One of the World's Most Successful Companies, Good profit : how creating value for others built one of the world's most successful companies / Charles G. Koch, Good profit [sound recording] : how creating value for others built one of the world's most successful companies / Charles G. Koch
title_short Good profit :
title_sub how creating value for others built one of the world's most successful companies
topic_facet Audiobooks, Business, Business ethics, Corporate culture, Customer relations, Management, Nonfiction, Philosophy, Social responsibility of business, Success in business, Value