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

THE UNIQUE Administration SYSTEM FROM A LEGENDARY CEO

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 right into a global corporation with earnings around $115 billion, according to Forbes.

So how did this MIT engineer manage grow Koch Industries into one of the largest private companies nowadays with development exceeding that of the S&P 500 by almost 30-fold over the last five decades? about Good Revenue: How Creating Value for Others Built One of the World’s Most Successful Companies Through his exclusive five-dimensional management process and system known as Market-Based Management. Based on five decades of cross-disciplinary studies, experimental breakthrough, and practical implementation across Koch businesses and their 100,000 employees worldwide, the primary objective of Market-Based Management’s platform is as basic as it is effective: to create good profit.

What is good profit? Great profit results when a business creates worth for customers in a manner that assists them improve their lives. Great profit may be the result of improvements that customers freely vote for using their very own dollars; it’s the result of business decisions that create long term worth for everyone–customers, employees, shareholders, and culture.

When you won’t find the Koch Industries name on your own home’s stain-resistant floor covering, your baby’s more comfortable but absorbent diapers your stretch denim jeans, or your television with a better clarity display screen, MBM™ drove these innovations and many more.

Here, sketching on exposing, honest stories from his five decades in business – the company’s many successes aswell as its stumbles – Koch walks the audience step-by-step through the five proportions of Market-Based Administration to show stockholders, entrepreneurs, market leaders, learners — and innovators, supervisors and employees of all kinds, in virtually any field –how to use the principles to create Good Profit in their organizations, businesses, and lives.