Market Based Management

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Market Based Management is written by Charles de Ganahl Koch and published by . It's available with International Standard Book Number or ISBN identification 1931721998 (ISBN 10) and 9781931721998 (ISBN 13).

Koch companies create competitive advantages and capture profitable opportunities in the marketplace through leadership in developing and practicing Market Based Management. MBM, implemented in Koch companies worldwide, was developed based on these beliefs: long-term business success comes only from creating real value for customers and society, not the illusion of value; the world is experiencing an unprecedented (and accelerating) rate of change; and, to create value amid this change requires a well-founded understanding of what people value and how the world works. Throughout history, the framework that leads to the greatest value creation is one based on economic freedom, individual responsibility and the rule of law. A market system based on private property and economic freedom has proven to be the most effective and efficient system for creating prosperity and social progress.