Description
In Good Profit, Charles G. Koch, CEO of Koch Industries, shares his philosophy of Market-Based Management® (MBM), a framework developed over five decades to drive innovation and long-term value creation. Koch illustrates how MBM principles—such as vision, virtue and talents, knowledge processes, decision rights, and incentives—have been instrumental in transforming Koch Industries into one of the world’s most successful private companies. The book offers insights into fostering a culture of entrepreneurship, empowering employees, and creating products and services that improve people’s lives.