The Science of Success Audiobook By Charles G. Koch cover art

The Science of Success

How Market-Based Management Built the World's Largest Private Company

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The Science of Success

By: Charles G. Koch
Narrated by: Erik Synnestvedt
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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.
    • Download the accompanying reference guide.©2007 Charles G. Koch (P)2007 Gildan Media Corp     Career Success Decision-Making & Problem Solving Management Management & Leadership Business Career Employment Leadership Inspiring Success Private Markets

    Critic reviews

    "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)

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    The structure can be highly analytical. Good content overall but listening to it can be a daunting task since this is structured like a text book. Better to read in Kindle or hard copy.

    Analytical

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    The science of success had many quotes and very helpful additional resource citations. the layout of the book and chapters was very fluid and appreciated.

    excellent and easy to listen to.

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    lays out the Koch MBM methodolgy very well. with great examples of its implementation .

    outstanding story of the Koch MBM

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    Erik Synnestvedt did a great job bringing the narrative alive through his reading. As much as I have heard about the Koch brothers, I did not realize how successful and influential they have been in building their business and their practice of "market based management." A great book to read whatever your profession.

    Success the Koch Way!

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    There is so much to learn from this book about choosing right incentives vs bad ones. It’s simple read for everyone to understand and can be applicable to every business or organization!

    One of the best business books I listened to!

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    This is Charles Koch's book. What more do you need to know? If you're in the world of business management and you don't immediately have a need to read the book based on the author, you may be in the wrong industry.

    Fantastic book, short and to the point. I would highly recommend it to anyone who is interested in dynamic management skills.

    Fantastic read

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    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.

    Definitely good, but buy Good Profit

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    For example, when discussing operational excellence, what is your problem solving process? How are people trained? How is it used in daily operations?

    Wanted more details about each principle

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    Knowledge in this book are just truly amazing. I’m a recent college graduate and aspiring entrepreneur. I will strive to apply these values at work and when I start my business. Let’s see the results

    Clarity of the content

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    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!)

    MBM Review

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