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The Science of Success: How Market-Based Management Built the World's Largest Private Company / Edition 1
     

The Science of Success: How Market-Based Management Built the World's Largest Private Company / Edition 1

3.8 5
by Charles G. Koch
 

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ISBN-10: 0470139889

ISBN-13: 9780470139882

Pub. Date: 02/09/2007

Publisher: Wiley

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

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The Science of Success: How Market-Based Management Built the World's Largest Private Company 3.8 out of 5 based on 0 ratings. 5 reviews.
RolfDobelli More than 1 year ago
The “science of human action” and “market-based management” (MBM) form the core ideas of the libertarian business philosophy and the successful commercial operating principles of Charles G. Koch, chairman and CEO of Koch Industries Inc. (KII). Following these principles, Koch has enjoyed astounding success: A $1,000 investment in KII in 1960 would now be worth $2 million (with a reinvestment of dividends). During most of this period, Koch himself planned KII’s strategy and ran the company. Here, with a few jargon pitfalls, he details his business methods and operating practices. Koch is known for his heavy financial support of conservative political causes and candidates, but this is not a political book. It is, in fact, more a work of business philosophy than a hands-on manual for Koch’s MBM system, which he describes as an approach and attitude based on a selection of “mental models” and not as a linear path. getAbstract recommends Koch’s thoughtful exposition to all 80,000 KII employees and to business executives who want some clues about emulating KII’s success.
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