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Download The Science of Success: How Market-Based Management Built the World's Largest Private Company Audiobook (Unabridged)

Extended Audio Sample The Science of Success: How Market-Based Management Built the Worlds Largest Private Company (Unabridged), by Charles G. Koch
3.58 out of 53.58 out of 53.58 out of 53.58 out of 53.58 out of 5 3.58 (0 ratings) (rate this audio book) Author: Charles G. Koch Narrator: Erik Synnestvedt Publisher: Gildan Media LLC Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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Charles Koch may well be the most successful businessman people have never heard of. Under his leadership, Koch Industries has become a dynamic and diverse enterprise that Forbes has called the world's largest private company.

This groundbreaking audiobook includes the same material used by leaders and employees of Koch companies to apply Marker-Based Management (MBM) to get results. Koch outlines this unique management methodology, developed and implemented by Koch Industries, which has experienced 2,000-fold growth since 1967. Today, Koch Industries has 80,000 employees in 60 countries; it had $90 billion in revenues in 2006.

MBM is a scientific approach to management that integrates theory and practice while providing a framework for dealing with the ongoing challenges of growth and change. There really is a science behind success, and it can be applied to any organization. MBM is rooted in the Science of Human Action, and is defined by five dimensions:

  • Vision: Determining where and how the organization can create the greatest long-term value
  • Virtue and Talents: Helping ensure that people with the right values, skills, and capabilities are hired, retained, and developed
  • Knowledge Processes: Creating, acquiring, sharing, and applying relevant knowledge, and measuring and tracking profitability
  • Decision Rights: Ensuring the right people are in the right roles with the right authority to make decisions and are held accountable
  • Incentives: Rewarding people according to the value they create for the organization

    When these dimensions are applied in an integrated, mutually reinforcing manner, they create continuous transformation and positive growth. Any organization - corporation, small business, nonprofit, or government agency - can apply these proven principles. Download and start listening now!

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    Listener Opinions

    • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Gary | 1/11/2014

      " Lots of management wisdom, especially for people interested in economics. "

    • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by T.M. Mullin | 1/5/2014

      " I studied a lot Koch's principles in B-school. This was easier than case studies. "

    • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Lori Grant | 11/13/2013

      " A must-read autobiograpy on leadership for knowledge workers, managers, directors, C-levels, and entrepreneurs. "

    • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Karina Zannat | 5/2/2013

      " An amazing book on personal philosophy required to find success, market based management models, and the growth (and failures) of Koch industries. Author's lofty ideals in the business world are a little unrealistic given human nature and existing corporate culture, but a fantastic book regardless. "

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