Good Profit: How Creating Value for Others Built One of the

Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies

THE UNIQUE MANAGEMENT SYSTEM FROM A LEGENDARY CEO

In 1967, Charles Koch took the reins of his fatherâ€™s company and began the process of growing it from a $21 million start-up into a Â global corporation with revenues of about $115 billion, according to Forbes.Â

So how did this MIT engineer manage grow Koch Industries intoÂ one of the largest private companies in the world today with Â growth exceeding that of the S&P 500 by almost 30-foldÂ 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 Managementâ€™s framework is as simple as it is effective: Â to generate good profit.Â

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; itâ€™s the result of business decisions that create Â long term value for everyone--customers, employees, shareholders, and society.

While you won't find the Koch Industries name on your homeâ€™s stain-resistant carpet, your babyâ€™s more comfortable but absorbent diapersÂ your stretch denim jeans, or your television with a better clarity screen, MBMâ„¢ drove these innovations and many more.Â

Â Here, drawing on revealing, honest stories from his five decades in business â€“ the companyâ€™s many successes as well as its stumbles â€“ Koch walks the reader step-by-step through the five dimensions of Market-Based Management to show stockholders, entrepreneurs, leaders, students -- Â 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.
Country USA
Manufacturer Crown Currency
Binding Kindle Edition
ReleaseDate 2015-10-13
Format Kindle eBook

Country	USA
Manufacturer	Crown Currency
Binding	Kindle Edition
ReleaseDate	2015-10-13
Format	Kindle eBook

Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies

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