THE UNIQUE Administration SYSTEM FROM A LEGENDARY CEO

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

Just how did this MIT engineer manage grow Koch Industries into one of the largest private companies in the world today with development exceeding that of the S&P 500 by nearly 30-fold during the last five years? about Good Profit: How Creating Value for Others Built One of the World’s Many Successful Businesses Through his exclusive five-dimensional management process and system known as Market-Based Management. Predicated on five years of cross-disciplinary research, experimental discovery, and practical execution across Koch businesses and their 100,000 employees worldwide, the primary objective of Market-Based Management’s construction is as simple as it is effective: to create good profit.

What is great profit? Good profit results when a organization creates worth for customers in a manner that assists them improve their lives. Great profit may be the result of improvements that customers openly vote for using their personal dollars; it’s the result of business decisions that create long term worth for everyone–customers, workers, shareholders, and society.

While you won’t find the Koch Industries name on your own home’s stain-resistant carpet, your baby’s convenient 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 disclosing, honest tales from his five decades running a business – the company’s many successes aswell as its stumbles – Koch walks the reader step-by-step through the five sizes of Market-Based Administration to show stockholders, entrepreneurs, leaders, students — and innovators, supervisors and employees of all types, in virtually any field –how to use the principles to create Good Profit within their organizations, businesses, and lives.