Science of Success: How Market-Based Management Built the World's Largest Private Company by Charles G. Koch, Erik Synnestvedt (Read by)

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Synopsis

Charles Koch may very 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 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. In it, Charles Koch outlines the unique management methodology developed and implemented by Koch Industries. Koch credits MBM for its 2,000-fold growth since 1967, with today having 80,000 employees in 60 countries and with $90 billion in revenues in 2006. MBM is a scientific approach to management that integrates theory and practice, and provides 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.

Biography

Charles G. Koch is Chairman of the Board and CEO of Koch Industries, Inc., a position he has held since 1967. since then, the company has been transformed into a dynamic and diverse group of companies in refining and chemicals, fibers and polymers, commodity and financial trading, and forest and consumer products. Familiar Koch brands include STAINMASTER® carpet, LYCRA® spandex, quilted Northern® tissue, and Dixie® cups. Koch has continuously supported academic and public policy research (including numerous Nobel Prize winners) for more than 40 years, and has helped build a number of market-based organizations. Koch received a bachelor's degree in general engineering and two master's degrees-in mechanical and chemical engineering -from the Massachusetts Institute of Technology.