The Science of Success: How Market-Based Management Built the Worlds Largest Private Company


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November 2010

Schwarzman, a long-awaited book that uses impactful episodes from Schwarzman's life to show listeners how to build, transform, and lead thriving organizations. Whether you are a student, entrepreneur, philanthropist, executive, or simply someone looking for ways to maximize your potential, the same lessons apply. Whether you're trying to get a new company off the ground or scale an existing business to the next level, you need to understand how VCs think.

In Secrets of Sand Hill Road , Kupor explains exactly how VCs decide where and how much to invest, and how entrepreneurs can get the best possible deal and make the most of their relationships with VCs.

Filled with Kupor's firsthand experiences, insider advice, and practical takeaways, Secrets of Sand Hill Road is the guide every entrepreneur needs to turn their startup into the next unicorn. From a businessman who is extraordinarily humble yet is considered one of the world's most visionary, The First Billion Is the Hardest is both a riveting account of a life spent pulling off improbable triumphs and a report back from the front of the global energy and natural-resource wars - of vital interest to anyone who has a stake in America's future.

Physicist and entrepreneur Safi Bahcall reveals a surprising new way of thinking about the mysteries of group behavior that challenges everything we thought we knew about nurturing radical breakthroughs.

Koch Brothers Net Worth: See Their Staggering Fortune

Drawing on the science of phase transitions, Bahcall reveals why teams, companies, or any group with a mission will suddenly change from embracing wild new ideas to rigidly rejecting them. In Measure What Matters , Doerr shares a broad range of first-person, behind-the-scenes case studies, with narrators including Bono and Bill Gates, to demonstrate the focus, agility, and explosive growth that the Objectives and Key Results system has spurred at so many great organizations.

This book will help a new generation of leaders capture the same magic. Jerry Colonna helps start-up CEOs make peace with their demons, the psychological habits and behavioral patterns that have helped them to succeed - molding them into highly accomplished individuals - yet have been detrimental to their relationships and ultimate well-being.

Now, this venture capitalist turned executive coach shares his unusual yet highly effective blend of Buddhism, Jungian therapy, and entrepreneurial straight talk to help leaders overcome their own psychological traumas. Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals. Abraham H. Maslow was one of the foremost spokespersons of humanistic psychology.

In The Farthest Reaches of Human Nature , an extension of his classic Toward a Psychology of Being , Maslow explores the complexities of human nature by using both the empirical methods of science and the aesthetics of philosophical inquiry. With essays on biology, synergy, creativity, cognition, self-actualization, and the hierarchy of needs, this posthumous work is a wide-ranging synthesis of Maslow's inspiring and influential ideas.

A New York Times technology correspondent presents the dramatic rise and fall of Uber, set against the rapid upheaval in Silicon Valley during the mobile era. Based on hundreds of interviews with current and former Uber employees, along with previously unpublished documents, Super Pumped is a pause-resisting story of ambition and deception, obscene wealth, and bad behavior, that explores how blistering technological and financial innovation culminated in one of the most catastrophic month periods in American corporate history.

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,fold growth since 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.

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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. 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 few weeks ago, I had the opportunity to do some consulting for one of the Koch Industries companies, Invista. I was struck by the incredible ways in which the employees treated me--and each other! While in Wichita, I learned a lot more about Koch Industries and its business philosophy. I happened to visit the company story while in Wichita, and I saw that the CEO had written this book.

I knew that I had to read it to learn more about how he built the company and how he inspires his employees. What I read was nothing short of astounding. Koch Industries should be a role model for other companies. This book starts by providing a bit of history about how Koch Industries has become the largest privately held company in the United States in terms of revenue. It's no surprise that this was achieved through the implementation of the company's Market-Based Management MBM philosophy. The book goes on to describe MBM in great detail. There are ten Guiding Principles in MBM, and I was introduced to them because they are printed on all of the coffee cups in the corporate office in Wichita--what a great idea!

These Guiding Principles are described in the book, yet they make up only one part of the overall MBM philosophy. Each aspect of MBM is described in this book, and examples are provided throughout. While I wouldn't say that this book is prescriptive i. If you like business books, then this book needs to be read--and frequently referenced. You will really enjoy it! If you could sum up The Science of Success in three words, what would they be? Most Intelligent American.

What did you like best about this story? The Author speaks from personal experience. How does this one compare? No, but sounds fine. Was this a book you wanted to listen to all in one sitting? Any additional comments? Simply the best management book written. 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. 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.

Publisher Description

I thought my grandfather was imparting his life knowledge to me! Sorry Charles!


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The core ideas are good but common sense, but then again, in today's world that's lacking. Overall, it was ok.

Charles Koch Reveals the 'Science of Success'

Excellent information in such a short read. The content is very important to business owners, managers, and front line staff. Outstanding and straight forward strategies that are easy to decipher and conceptualize. More companies should adopt this. While I wouldn't say that this book is prescriptive i. If you like business books, then this book needs to be read--and frequently referenced.

The Science of Success How Market Based Management Built the Worlds Largest Private Company

You will really enjoy it! Mar 30, Cliff rated it liked it. This book was interesting and clearly had good ideas. But like most business books, I found it maddeningly vague. Maybe it's the lawyer in me that wants careful definitions of everything, even when they are unwise or impossible.

Good Profit

But I still feel like I am missing something when I read most business type books. This is no exception. That said, his holistic approach to business largely makes sense and has clearly worked well.


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  • View 1 comment. Sep 21, Jasonlylescampbell rated it liked it. I borrowed this book from a friend because I have been looking into many private companies. Koch Industries is the largest private company in the world. First of all, I really enjoy books that seem to be working with general wisdom, applicable to any sector of society or society at large.

    Actually Michael Polanyi I borrowed this book from a friend because I have been looking into many private companies. The basic solution of maximizing long-term profitability by creating real value in society, what he calls principled entrepreneurship, is the kind of sound thinking of any great company. He went on to talk about foundational societal building blocks that are more and more difficult to find and ensure like virtue, trust, humility, openness to challenge, etc.

    How is Good Profit different from The Science of Success?

    While these are what in the long-term carry individuals and corporations through to real value, they do not always bring immediate success. The idea of really building ownership into the employees, so they always see that within their role there is set responsibilities and expectations, true ownership where they can achieve real progress and contribute.

    Throughout the book he tried to make the point that all parties bring unique abilities that can contribute to overall profit if they are willing to work together in humility in the free markets creative destruction. The idea of seeing the company as responsible for piecing together a giant jigsaw puzzle, all working together in a decentralized way within site of one another was very interesting as well.

    That said, the book was so simple and matter of fact that it was hard to believe that Koch Industries has achieved this among their 80, employees. It made me want to read articles about them to see how they fare on putting all this to work throughout the organization. View 2 comments. Apr 24, Kent Say rated it liked it Shelves: management.

    Interesting, obviously coming from a highly successful and thoughtful man. If you are looking for evidence of a crazy man that doesn't share the values of most Americans trying to subvert our form of government through a covert takeover of the republican party there are other books that cover that topic. Why can't he be both? Not enough meet here to be able to actually draw that many useful things from a management perspective.

    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company
    The Science of Success: How Market-Based Management Built the Worlds Largest Private Company The Science of Success: How Market-Based Management Built the Worlds Largest Private Company

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