Hereditary meritocracy in this case. He has built Koch Industries into the world's largest privately held company, and this book is an insider's guide to how he did it. May show signs of minor shelf wear and contain limited notes and highlighting. Government leaders could avoid policy failures by heeding the science of human behavior. I would say his success is more about getting lucky born to the right family , but he wants to chalk it up to intellect or a management system. Despite being business buzzword heavy, he outlines a holistic approach to management, consistent with the freedom philosophy.
That story is worth the read. At ThriftBooks, our motto is: Read More, Spend Less. Meanwhile, it is of limited value as a business book as well, trotting out the foundational principles one would find in any introductory textbook of management. It's a fine introductory management book. Otherwise one division might wind up subsidizing another, denying Koch the chance to invest the money at a higher return elsewhere. His writing just careens back and forth between points.
Along the way, Koch notes, there have been huge failures, including a foray into shipping and an attempt to build a cattle-feed-to-steaks agribusiness. They are all part of his management theory. The best thing though about it is that it doesn't just apply to business, it can be also be applied to yourself. Additionally, even if it the book made sense, he's just not saying anything profound or interest This is a fairly awful book. Why that is a disaster should not require any head scratching.
And I think the over-arching point is valid: humans beings are largely rational creatures who respond in predictable ways. At ThriftBooks, our motto is: Read More, Spend Less. I found this book to be encouraging and helpful as I made the decision to go back to school full time for my career focus shift to biomedical engineering. Failure isn't necessarily penalized, unless an employee overlooked some necessary detail or put self-interest ahead of the corporation. In it, Charles Koch outlines the unique management methodology developed and implemented by Koch Industries. Pages can include limited notes and highlighting, and the copy can include previous owner inscriptions.
Pages can include considerable notes-in pen or highlighter-but the notes cannot obscure the text. Every argument is carefully prepared and easy to grasp, which gives these 150 pages an exemplary less-is- more feeling. The spine may show signs of wear. Gone are enthalpy constants, drill bit rates of penetration, and other engineering terms I grew to hate anyway. Koch, The Science of Success, Page 41. Those beliefs, coupled with the way that Koch Industries evaluates their employees and business opportunities, seem to reveal an open mindedness to the way that a Given all the negative press surrounding the Koch brothers, this book is not controversial. Maybe most fascinating is how he has tried to simplify these as much as possible in order to facilitate the implementation.
Of course, these are questions which decision-makers in all organizations should ask every day. Charles Koch calls it Market-Based Management: a vision that nurtures personal qualities of humility and integrity that build trust and the confidence to enhance future success through learning from failure, and a culture of thinking in terms of opportunity cost and comparative advantage for all employees. It gives general direction but little in the way of specifics, which is by design. Maybe it's the lawyer in me that wants careful definitions of everything, even when they are unwise or impossible. Customer service is our top priority!. You can almost feel it. Afterwards is the system itself.
This book provides an interesting story on how Charles Koch used his knowledge of free market economics to perfect a business method. In the back section of the book, he provides an appendix of the businesses that Koch is involved in but an even longer summary of the businesses that Koch has exited. I d I skimmed all of it, and read a few portions. A copy that has been read, but remains in clean condition. This book starts by providing a bit of history about how Koch Industries has become the largest privately held company in the United States in terms of revenue. You will really enjoy it! Pages and cover are clean and intact. Every entrepreneur should study this book.
Not including this book has no science mentioned whatsoever. I was thinking that was because Charles Koch was educated in Engineering and his philosophy seems kind of technical, meaning it did not flow like a regular book would. I didn't I was hoping to get a little out of the history of Koch Industries, and the beginning of the book does talk about this. I knew that I had to read it to learn more about how he built the company and how he inspires his employees. I was trying to highlight the book and take notes, but it just defies logical organization. It's hard to argue with the results.
While in Wichita, I learned a lot more about Koch Industries and its business philosophy. But I still feel like I am missing something when I read most business type books. It really creates an exceptional environment to work in. The book reads like a Intro to Business 101 course. That said, the book was so simple and matter of fact that it was hard to believe that Koch Industries has achieved this among their 80,000 employees. What Charles Koch does in this book is chronicle his business career, how he built his company, who he trusted, how he motivated his employees.
Forget all the vituperative broadsides against the Koch brothers, the accusations of their funding the Tea Party, the cover story on Bloomberg Markets, Charles Koch is a genius when it comes to business. There really is a science behind success, and it can be applied to any organization. I found this an excellent set of stories, and you can get an idea of how the Koch's think. Why can't he be both? It truely supports freedom of thought, freedom of choice, entrepreneurship, and the value diverse individuals contribute to improving our society. A copy that has been read, but remains in clean condition.