Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies

Description

A NEW YORK TIMES BESTSELLER Koch Industries is one of the largest private companies in the world with an estimated worth of $100 billion. But what makes this company so profitable? You won't find its name on the connectors in your smartphone or your baby's ultra-absorbent nappies, but Koch makes these and many other innovations, driven by its Market-Based Management system for generating good profit. Good profit results from products and services that improve people's lives. It results from a culture where employees are empowered to be entrepreneurial and customer-focused. Drawing on stories from his nearly six decades in business, Charles Koch shows how any company, industry or organisation can: * Thrive in spite of disruption and changing consumer values * Create accountability with ownership and decision rights for employees based on their comparative advantages and contributions, not job title * Foster a culture of knowledge-sharing that rejects bureaucracy and hierarchy * Offer employees compensation limited only by the value they create - not budgets or policy A must-read for leaders, entrepreneurs, students and anyone who wants a more civil, fair and prosperous society, Good Profit is destined to rank as one of the greatest management books of all time. 'This book helps show you the way to good profit - whether you work for an international supermarket chain, a medium-sized regional business, or your own start-up' John Mackey, Co-Founder and Co-CEO Whole Foods Market

Charles G. Koch is Chairman of the Board and CEO of Koch Industries, Inc., a position he has held since 1967. He holds a Bachelor's degree in general engineering as well as two Master's degrees in nuclear and chemical engineering from MIT. Based in Wichita, Kansas, Koch Industries is one of the largest private companies in America. Koch has continuously supported academic and public policy research (including many Nobel Prize winners) for more than 50 years, and has helped build a number of organisations focused on research, policy and education to advance the understanding of the free society.

A book that anyone in business, non-profits or any type of organization for that matter should consider reading - Washington Times Invaluable as a window on the thinking of a hugely important US figure - The Financial Times Shows another side to the billionaire businessman - TIME magazine