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

Extended Audio Sample Good Profit: How Creating Value for Others Built One of the World’s Most Successful Companies, by Charles G. Koch Click for printable size audiobook cover
0 out of 50 out of 50 out of 50 out of 50 out of 5 0.00 (0 ratings) (rate this audio book) Author: Charles G. Koch Narrator: Charles G. Koch, Paul Michael Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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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 $110 billion global corporation—one of the largest private companies in the world today, with value growth exceeding that of the S&P 500 by thirtyfold.

So how did this MIT engineer manage to increase Koch Industries’ value by 5,000 times 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.

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Quotes & Awards

  • “Charles Koch is right, there is a difference between good profit and bad profit. And this book helps show you the way to good profit—whether you work for an international supermarket chain, a medium-sized regional business, or your own start-up.”

    John Mackey, cofounder of Whole Foods Market

  • “Charles Koch is a genuine patriot, and his lifelong mission is to make America as strong and free as she can be. He believes the principles of economic opportunity that have guided America are worth protecting. This book will teach us how.”

    (Papa) John Schnatter, CEO of Papa John’s Pizza

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