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

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

Charles G. Koch

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™ 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.

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™ 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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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™ 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.

Language:

English

Narrators:

Paul Michael

Length:

9h 16m


Chapters

Introduction
Introduction

00:22


Chapter 1
Chapter 1

06:36


Chapter 2
Chapter 2

07:17


Chapter 3
Chapter 3

07:25


Chapter 4
Chapter 4

07:06


Chapter 5
Chapter 5

04:44


Chapter 6
Chapter 6

05:15


Chapter 7
Chapter 7

08:11


Chapter 8
Chapter 8

05:29


Chapter 9
Chapter 9

06:43


Chapter 10
Chapter 10

05:02


Chapter 11
Chapter 11

04:44


Chapter 12
Chapter 12

03:42


Chapter 13
Chapter 13

05:48


Chapter 14
Chapter 14

04:45


Chapter 15
Chapter 15

04:18


Chapter 16
Chapter 16

05:07


Chapter 17
Chapter 17

06:17


Chapter 18
Chapter 18

06:44


Chapter 19
Chapter 19

08:02


Chapter 20
Chapter 20

05:16


Chapter 21
Chapter 21

03:11


Chapter 22
Chapter 22

05:21


Chapter 23
Chapter 23

06:33


Chapter 24
Chapter 24

07:00


Chapter 25
Chapter 25

07:54


Chapter 26
Chapter 26

07:17


Chapter 27
Chapter 27

08:30


Chapter 28
Chapter 28

07:08


Chapter 29
Chapter 29

05:24


Chapter 30
Chapter 30

06:51


Chapter 31
Chapter 31

07:48


Chapter 32
Chapter 32

07:34


Chapter 33
Chapter 33

06:43


Chapter 34
Chapter 34

04:54


Chapter 35
Chapter 35

06:58


Chapter 36
Chapter 36

04:47


Chapter 37
Chapter 37

03:58


Chapter 38
Chapter 38

05:13


Chapter 39
Chapter 39

04:37


Chapter 40
Chapter 40

04:55


Chapter 41
Chapter 41

05:27


Chapter 42
Chapter 42

07:25


Chapter 43
Chapter 43

04:41


Chapter 44
Chapter 44

03:39


Chapter 45
Chapter 45

05:12


Chapter 46
Chapter 46

07:14


Chapter 47
Chapter 47

07:21


Chapter 48
Chapter 48

06:54


Chapter 49
Chapter 49

05:41


Chapter 50
Chapter 50

04:39


Chapter 51
Chapter 51

06:03


Chapter 52
Chapter 52

05:11


Chapter 53
Chapter 53

06:47


Chapter 54
Chapter 54

04:07


Chapter 55
Chapter 55

06:55


Chapter 56
Chapter 56

04:55


Chapter 57
Chapter 57

05:20


Chapter 58
Chapter 58

04:47


Chapter 59
Chapter 59

07:58


Chapter 60
Chapter 60

05:39


Chapter 61
Chapter 61

07:23


Chapter 62
Chapter 62

05:16


Chapter 63
Chapter 63

04:44


Chapter 64
Chapter 64

04:31


Chapter 65
Chapter 65

03:54


Chapter 66
Chapter 66

04:16


Chapter 67
Chapter 67

04:44


Chapter 68
Chapter 68

04:55


Chapter 69
Chapter 69

05:34


Chapter 70
Chapter 70

04:55


Chapter 71
Chapter 71

03:55


Chapter 72
Chapter 72

03:47


Chapter 73
Chapter 73

05:10


Chapter 74
Chapter 74

05:59


Chapter 75
Chapter 75

06:59


Chapter 76
Chapter 76

04:19


Chapter 77
Chapter 77

04:26


Chapter 78
Chapter 78

06:12


Chapter 79
Chapter 79

06:04


Chapter 80
Chapter 80

04:52


Chapter 81
Chapter 81

05:38


Chapter 82
Chapter 82

03:43


Chapter 83
Chapter 83

05:35


Chapter 84
Chapter 84

06:23


Chapter 85
Chapter 85

06:32


Chapter 86
Chapter 86

04:36


Chapter 87
Chapter 87

05:37


Chapter 88
Chapter 88

04:32


Chapter 89
Chapter 89

03:42


Chapter 90
Chapter 90

04:40


Chapter 91
Chapter 91

04:00


Chapter 92
Chapter 92

05:14


Chapter 93
Chapter 93

05:43


Chapter 94
Chapter 94

04:24


Chapter 95
Chapter 95

06:06


Chapter 96
Chapter 96

04:21


Chapter 97
Chapter 97

06:49


Chapter 98
Chapter 98

04:05


Chapter 99
Chapter 99

04:31


Chapter 100
Chapter 100

00:38