THE REVOLUTIONARY MANAGEMENT SYSTEM BEHIND ONE OF THE MOST SUCCESSFUL COMPANIES OF OUR TIME
In 1961, Charles Koch joined his father s Wichita-based company, then valued at $21 million. Six years later, he was named chairman of the board and CEO of Koch Industries, Inc. Today, Koch Industries estimated worth is $100 billion -- making it one of the largest private companies in the world. Koch exceeds the S&P 500 s five-decade growth by 27-fold and plans to double its value on average every six years.
What exactly does this company do and why is it so remarkably profitable? Koch s name may not be on your stain-resistant carpet, stretch denim jeans, the connectors in your smart phone, or your baby s ultra-absorbent diapers but it makes them all. And Koch s Market-Based Management® system is what drives these innovations and many more.
Based on five decades of interdisciplinary studies, experimental discovery, and practical implementation across Koch businesses worldwide, the core objective of MBM is to generate "good" profit. Good profit results from products and services that customers vote for freely with their dollars, products that improve people s lives. It results from a culture where employees are empowered to act entrepreneurially to discover customers preferences and the best ways to satisfy them. Good profit is what follows when "long-term value is created for customers, employees, shareholders, and society. "
Here, drawing on revealing, honest, and previously untold stories from his nearly six decades in business, Koch walks the reader through the five dimensions of MBM to show how to apply its framework to generate more good profit in any business, industry, or organization of any size.
Readers will learn how to:
A must-read for any leader, entrepreneur, or student, as well as 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."
CHARLES G. KOCH is Chairman of the Board and CEO of Koch Industries, Inc., a position he has held since 1967. Since then, the company has been transformed into a dynamic and diverse group of companies in refining and chemicals, fibers and polymers, commodity and financial trading, and forest and consumer products. Familiar Koch company brands include "STAINMASTER" carpet, "LYCRA" spandex, "Quilted Northern" tissue, and "Dixie" cups. Koch has continuously supported academic and public policy research (including numerous Nobel Prize winners) for more than 40 years, and has helped build a number of market-based organizations. Koch received a bachelor's degree in general engineering and two master's degrees--in mechanical and chemical engineering--from the Massachusetts Institute of Technology.
Author: Charles Koch
Publisher: Crown Business
Publish Date: October 13, 2015
Pages: 288 pages
Dimensions: 1.0" H x 9.56" L x 6.5" W (1.05 lbs)
From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as "corporate welfare," is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations.
His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930s--the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests. The fourth--export subsidies--has its genesis in the New Deal but matured with the growth of the Export-Import Bank, which subsidizes international business exchanges of America's largest corporate entities.
Bennett examines the prospects for a successful anti-corporate welfare coalition of libertarians, free market conservatives, Greens, and populists. The potential for a coalition is out there, he argues. Whether a canny politician can assemble and maintain it long enough to mount a taxpayer counterattack upon corporate welfare is an intriguing question.
James T. Bennett is professor of economics at George Mason University. He is the founder and editor of the Journal of Labor Research and has authored ten books with Transaction, including Mandate Madness and Corporate Welfare.
> Overview From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from...
Elon Musk is the most daring entrepreneur of our time
There are few industrialists in history who could match Elon Musk's relentless drive and ingenious vision. A modern alloy of Thomas Edison, Henry Ford, Howard Hughes, and Steve Jobs, Musk is the man behind PayPal, Tesla Motors, SpaceX, and SolarCity, each of which has sent shock waves throughout American business and industry. More than any other executive today, Musk has dedicated his energies and his own vast fortune to inventing a future that is as rich and far-reaching as a science fiction fantasy.
In this lively, investigative account, veteran technology journalist Ashlee Vance offers an unprecedented look into the remarkable life and times of Silicon Valley's most audacious businessman. Written with exclusive access to Musk, his family, and his friends, the book traces his journey from his difficult upbringing in South Africa to his ascent to the pinnacle of the global business world. Vance spent more than fifty hours in conversation with Musk and interviewed close to three hundred people to tell the tumultuous stories of Musk's world-changing companies and to paint a portrait of a complex man who has renewed American industry and sparked new levels of innovation all while making plenty of enemies along the way.
In 1992, Elon Musk arrived in the United States as a ferociously driven immigrant bent on realizing his wildest dreams. Since then, Musk's roller-coaster life has brought him grave disappointments alongside massive successes. After being forced out of PayPal, fending off a life-threatening case of malaria, and dealing with the death of his infant son, Musk abandoned Silicon Valley for Los Angeles. He spent the next few years baffling his friends by blowing his entire fortune on rocket ships and electric cars. Cut to 2012, however, and Musk had mounted one of the greatest resurrections in business history: Tesla, SpaceX, and SolarCity had enjoyed unparalleled success, and Musk's net worth soared to more than $5 billion.
At a time when many American companies are more interested in chasing easy money than in taking bold risks on radical new technology, Musk stands out as the only businessman with enough dynamism and vision to tackle and even revolutionize three industries at once. Vance makes the case that Musk's success heralds a return to the original ambition and invention that made America an economic and intellectual powerhouse. Elon Musk is a brilliant, penetrating examination of what Musk's career means for a technology industry undergoing dramatic change and offers a taste of what could be an incredible century ahead.
Ashlee Vance is one of the most prominent writers on technology today. After spending several years reporting on Silicon Valley and technology for the New York Times, Vance went to Bloomberg Businessweek, where he has written dozens of cover and feature stories for the magazine on topics ranging from cyber espionage to DNA sequencing and space exploration
> Overview Elon Musk is the most daring entrepreneur of our time There are few industrialists in history who could match Elon Musk's relentless drive and ingenious vision. A modern alloy...
THE GLOBALIZATION OF WAL-MART is the only book that details Wal-Mart's expansion around the world, and its methods for exploiting its workers.
Covering more than 15 countries, world-wide, from North America to Europe, South America, Central America, Africa, and Asia, Professor Rosen reveals both how Wal-Mart has succeeded in becoming the largest retail multi-national corporation, as well as why Wal-Mart has failed in establishing a strong foothold in a few places.
This book also reveals how Wal-Mart's anti-union policies have allowed it to succeed financially, while leading many consumers and workers to demand better treatment. This book is dedicated to the future success of Wal-Mart workers to achieve fair pay and humane treatment while on their jobs.
Dr, Ellen Israel Rosen is a Resident Scholar at the Womens' Studies Research Center at Brandeis University and the author of "Making Sweatshops: The Globalization of the U.S. Apparel Industry."
> Overview THE GLOBALIZATION OF WAL-MART is the only book that details Wal-Mart's expansion around the world, and its methods for exploiting its workers. Covering more than 15 countries, world-wide, from...
A "New York Times" bestseller
Ev told Jack he had to chill out with the deluge of media he was doing. It s badfor the company, Ev said. It's sending the wrong message. Biz sat between them, watching like a spectator at a tennis match. But I invented Twitter, Jack said. No, you didn't invent Twitter, Ev replied. I didn t invent Twitter either. Neither did Biz. People don't invent things on the Internet. They simply expand on an idea that already exists.
Despite all the coverage of Twitter's rise, Nick Bilton of "The New York Times" is the first journalist to tell the full story a gripping drama of betrayed friendships and high stakes power struggles.
The four founders Evan Williams, Biz Stone, Jack Dorsey, and Noah Glass made a dizzyingly fast transition from ordinary engineers to wealthy celebrities. They fought each other bitterly for money, influence, publicity, and controlas Twitter grew larger and more powerful. Ultimately they all lost their grip on it.
Bilton's unprecedented access and exhaustive reporting have enabled him to write an intimate portrait of four friends who accidentally changed the world, and what they all learned along the way.
Nick Biltonis a columnist and reporter for The New York Times, where he explores the disruptive aspects of technology on business, culture and society. His columns span everything from the future of technology and privacy to the impact of social media on the Web. He is a regular guest on national TV and radio and is the author ofI Live in the Future & Here s How It Works. He lives in Los Angeles.
Author: Nick Bilton
Publish Date: September 30, 2014
Pages: 302 pages
Dimensions: 1.0" H x 8.4" L x 5.4" W (0.65 lbs)
> Overview A "New York Times" bestseller Ev told Jack he had to chill out with the deluge of media he was doing. It s badfor the company, Ev said. It's...
Corporate social responsibility was one of the most consequential business trends of the twentieth century. Having spent decades burnishing reputations as both great places to work and generous philanthropists, large corporations suddenly abandoned their commitment to their communities and employees during the 1980's and 1990's, indicated by declining job security, health insurance, and corporate giving.
Douglas M. Eichar argues that for most of the twentieth century, the benevolence of large corporations functioned to stave off government regulations and unions, as corporations voluntarily adopted more progressive workplace practices or made philanthropic contributions. Eichar contends that as governmental and union threats to managerial prerogatives withered toward the century's end, so did corporate social responsibility. Today, with shareholder value as their beacon, large corporations have shred their social contract with their employees, decimated unions, avoided taxes, and engaged in all manner of risky practices and corrupt politics.
This book is the first to cover the entire history of twentieth-century corporate social responsibility. It provides a valuable perspective from which to revisit the debate concerning the public purpose of large corporations. It also offers new ideas that may transform the public debate about regulating larger corporations.
Douglas M. Eichar is an associate professor of sociology and chair of the Department of Sociology and Criminal Justice at the University of Hartford.
Author: Douglas M. Eichar
Publisher: Transaction Publishers
Publish Date: August 20, 2015
Pages: 392 pages
Dimensions: 0.98" H x 9.26" L x 6.13" W (1.5 lbs)
> Overview Corporate social responsibility was one of the most consequential business trends of the twentieth century. Having spent decades burnishing reputations as both great places to work and generous philanthropists,...
Berkshire Hathaway, the $300 billion conglomerate that Warren Buffett built, is among the world's largest and most famous corporations. Yet, for all its power and celebrity, few people understand Berkshire, and many assume it cannot survive without Buffett. This book proves them wrong.
In a comprehensive portrait of the corporate culture that unites Berkshire's subsidiaries, Lawrence A. Cunningham unearths the traits that assure the conglomerate's continued prosperity. Riveting stories of each subsidiary's origins, triumphs, and journey to Berkshire reveal how managers generate economic value from intangibles like thrift, integrity, entrepreneurship, autonomy, and a sense of permanence.
Rich with lessons for those wishing to profit from the Berkshire model, this engaging book is a valuable read for entrepreneurs, business owners, managers, family business members, and investors, and it is an important resource for scholars of corporate stewardship. General readers will enjoy learning how an iconoclastic businessman transformed a struggling textile company into a corporate legacy.
Lawrence A. Cunningham is the Henry St George Tucker III Research Professor at George Washington University Law School. He has been a professor of law and business for more than twenty years at Boston College, Massachusetts, George Washington University, and Yeshiva University, New York. He is the author of The Essays of Warren Buffett: Lessons for Corporate America (2013) and editor from 1994 to 2001 of the leading treatise on contract law, Corbin on Contracts. His writing has appeared opposite the editorial page in The New York Times, Financial Times and the National Law Journal.
> Overview Berkshire Hathaway, the $300 billion conglomerate that Warren Buffett built, is among the world's largest and most famous corporations. Yet, for all its power and celebrity, few people understand...