The Science of Success

  • by Charles G. Koch
  • Narrated by Erik Synnestvedt
  • 3 hrs and 39 mins
  • Unabridged Audiobook

Publisher's Summary

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.

More

What the Critics Say

"My father, Sam Walton, stressed the importance of fundamental principles┬┐such as humility, integrity, respect, and creating value┬┐that are the foundation for success. No one makes a better case for these principles than Charles Koch." (Rob Walton, Chairman, Wal-Mart)

More

See More Like This

Customer Reviews

Most Helpful

MBM Review

I read the book, but until I heard the audiobook I really didn't understand that this is a common sense, old fashioned approach to running a business and your life.

I thought my grandfather was imparting his life knowledge to me!(Sorry Charles!)
Read full review

- Anita

Definitely good, but buy Good Profit

This book is no doubt great, but if you want to learn more buy his book, Good Profit. It covers everything in this book plus more.
Read full review

- Alex Younger

Book Details

  • Release Date: 06-06-2007
  • Publisher: Gildan Media, LLC