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Koch Industries


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I enjoyed this article on Koch Industries

http://www.popularmechanics.com/technology/infrastructure/a17558/koch-industries-inside-story/

 

Koch seems like a long term oriented business that is engineering and improvement focused.  The CEO seems very thoughtful.

Let's not discuss politics on this thread, just the business.

 

Any thoughts how Koch has been so successful over the last 40-50yrs? 

 

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This will probably help answer a lot of questions.  I just started reading it yesterday.  Although they live in the midwest like WEB, that is where the similarity ends. They are hands-on operators laser focused on customer value, who impose their discipline on newly acquired companies.  So far it has worked remarkably well.  Building on a $21mm business they inherited from their father in the early sixties, the Koch brothers have grown it to the second largest privately owned business in the USA worth appx. $100 billion in 2014.  Very impressive individuals.

 

 

http://www.amazon.com/Good-Profit-Creating-Successful-Companies/dp/1101904135/ref=sr_1_1?s=books&ie=UTF8&qid=1447279133&sr=1-1&refinements=p_27%3ACharles+G.+Koch&pebp=1447279127847&perid=11D7PA3M7FMEN5R84MZR

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I enjoyed this article on Koch Industries

http://www.popularmechanics.com/technology/infrastructure/a17558/koch-industries-inside-story/

 

Koch seems like a long term oriented business that is engineering and improvement focused.  The CEO seems very thoughtful.

Let's not discuss politics on this thread, just the business.

 

Any thoughts how Koch has been so successful over the last 40-50yrs?

 

Thank you, that was a great read.

 

I particularly liked this philosophy, it would be great if more businesses encouraged their employees to think like this.

 

The virtues of this kind of market-based management, or MBM, come up at several Koch locations. MBM is a business creed that emphasizes individual performance, in which each employee is empowered to think like an entrepreneur rather than a cog. The Koch website encourages workers to come up with their own solutions to problems "rather than waiting for orders from higher-ups."
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