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The Science Success: How Market-Based Management Built the World's Largest Private Company Audiobook
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(4.11) - 36 listener ratings
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Publisher Description
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.
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"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. "
— Karina (5 out of 5 stars)
The Science Success Listener Reviews
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" Lots of management wisdom, especially for people interested in economics. "
— Gary, 1/11/2014 -
" I studied a lot Koch's principles in B-school. This was easier than case studies. "
— T.M., 1/5/2014 -
" A must-read autobiograpy on leadership for knowledge workers, managers, directors, C-levels, and entrepreneurs. "
— Lori, 11/13/2013 -
" 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. "
— Karina, 5/2/2013 -
" To those who would call the motivations of Charles Koch into question, this book is a must-read which showcases his deep commitment to ethics. "
— Laura, 3/30/2013 -
" Overall I thought this was a good book about organizational management concepts. This is a very straight-forward read and is not laden with unnecessary jargon. I do wish it had been a bit more detailed about some of the concepts. "
— Todd, 12/6/2012 -
" Good solid common-sense principles. Would like to hear more detailed examples and how to maintain consistence on implementation "
— James, 11/7/2012 -
" C. Koch has taken his business experience and summed it up in one book. If you are not sure who Charles Koch is check out the Forbes list of private companies. "
— Patrick, 9/25/2012 -
" Actually a lot of good reasonable theory in this book. It's an interesting read for sure. "
— Erin, 4/13/2012 -
" This was a great read for getting the basics of what makes a good business great. Much more practical than most business books I have read "
— Andrew, 12/29/2011 -
" If I ever run a business, become a senior manager or ceo, This book will be my bible. "
— Ken, 12/16/2011 -
" Interesting introduction to market based management (MBM). "
— Spencer, 10/1/2011 -
" Read it for my job. Great insight, one learns from ita example. "
— Jpcueva, 8/25/2011 -
" I studied a lot Koch's principles in B-school. This was easier than case studies. "
— T.M., 6/5/2011 -
" To those who would call the motivations of Charles Koch into question, this book is a must-read which showcases his deep commitment to ethics. "
— Laura, 3/18/2011 -
" Interesting introduction to market based management (MBM). "
— Spencer, 2/13/2008 -
" C. Koch has taken his business experience and summed it up in one book. If you are not sure who Charles Koch is check out the Forbes list of private companies. "
— Patrick, 8/1/2007
About Charles G. Koch
Charles G. Koch is chairman of the board and CEO of Koch Industries, Inc. As a reflection of Mr. Koch’s business leadership and community involvement, he has received numerous honors and awards. He holds a bachelor’s degree in general engineering as well as two master’s degrees in nuclear and chemical engineering from MIT. He has been married to his wife, Liz, for forty-three years. They have two children and two grandchildren.
About Erik Synnestvedt
Erik Synnestvedt has recorded nearly two hundred audiobooks for trade publishers as well as for the Library of Congress Talking Books for the Blind program. They include The Day We Found the Universe by Marcia Bartusiak, A Game as Old as Empire edited by Steven Hiatt, and Twitter Power by Joel Comm.