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The Science of Success: How Market-Based Management Built the World's Largest Private Company
 

The Science of Success: How Market Based Management Built the World's Largest Private Company

by Charles G. Koch

Praise for THE SCIENCE OF SUCCESS

"Evaluating the success of an individual or company is a lot like judging a trapper by his pelts. Charles Koch has a lot of pelts. He has built Koch Industries into the world's largest privately held company, and this book is an insider's guide to how he did it. Koch has studied how markets work for decades, and his commitment to pass that... (read more)

Top tags: austrian economics,  bbb,  business,  capitalism,  decision making (all tags)

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Ron B
  • Rated 5 stars

“Market-Based Management (MBM) is based on Austrian economics. Charles G. Koch is CEO of Koch Industries, Inc., the world's largest private company. MBM is rooted in the science of purposive human action, defined by five dimensions: Vision; Virtue and Talents; Knowledge Processes; Decision Rights; and Incentives.

I was fortunate enough to listen to a Koch consultant give a presentation on MBM and found it very compelling. Though I think it's over most people's heads, unless they...”

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  • Rated 3 stars
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  • Rated 0 stars
  

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