The Science of Success: How Market-Based Management Built the World's Largest Private Company

By Charles Koch

Categories: Business & Money

In this 2007 book, Charles G. Koch explains Market-Based Management, the philosophy he developed to run Koch Industries, and traces how the company evolved. The framework applies ideas from economics, such as property rights, incentives, knowledge and decision rights, to management inside a company. Koch describes how it guides vision, virtue and talent, decision making and incentives, and how mental models help leaders run an organization more effectively.

Recommended by 1 person

• Shane Parrish: “A business book with a section on mental models, yes please. Most of the models in this book relate to decision making and economics and give you insight into how to run a culture based company”