About the Author
Charles G. Koch
ISBN 9780349414409
Rs. 800
Piatkus
Good Profit
How Creating Value for Others Built One of the World's Most Successful Companies
Who it's for: business leaders and managers interested in management philosophy and sustainable growth
In "Good Profit," Charles G. Koch, CEO of Koch Industries, reveals the unique management philosophy—Market-Based Management®—that transformed his father's company into one of the world's largest private enterprises. Koch explains how prioritizing the creation of long-term value for customers, employees, shareholders, and society drives sustainable success and generates what he terms "good profit." This approach encourages entrepreneurial action throughout the organization, leading to continuous innovation and growth.Why You Should Read? Learn to build a resilient business model that thrives amidst disruption and changing consumer demands. Discover strategies for cultivating a high-performing workforce through virtue, talent, and empowered decision-making. Understand how to design effective incentive structures that align employee contributions with company value creation. Gain insights into Market-Based Management®, a proven framework for achieving exponential and ethical corporate growth.
Highlights
- Reveals Market-Based Management®, the unique philosophy behind Koch Industries' success
- Explains how creating long-term value for customers, employees, and society drives sustainable profit
- Offers strategies for fostering entrepreneurial action and innovation throughout an organization
- Discusses designing incentive structures that align employee contributions with company value
- Provides insights into building a resilient business model that thrives amid disruption
Themes
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Questions about this book
What is Market-Based Management®?
It is the management philosophy developed by Charles Koch that emphasizes creating long-term value for customers, employees, shareholders, and society, and encourages entrepreneurial action throughout the organization.
What does 'good profit' mean?
Good profit is the profit that results from creating long-term value for all stakeholders, as opposed to short-term gains that may harm others.
How does the book suggest building a resilient business?
It suggests focusing on creating value for all stakeholders, fostering innovation, and designing incentive structures that align employee contributions with company value creation.
Who is the author?
Charles G. Koch is the CEO of Koch Industries, one of the world's largest private enterprises, and the author of this book.