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Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies
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Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies is a nonfiction book that outlines the management strategy of Charles G. Koch, the chief executive officer (CEO) of Koch Industries, Inc. It builds on his 2007 book, The Science of Success: How Market-Based Management Built the World's Largest Private Company, by including guidance on how to apply his management strategies and answers questions about Koch Industries' success and failures....
This is key takeaways and analysis of the book, not the original book.
Inside this Instaread of Good Profit:
- Overview of the book
- Important people
- Key takeaways
- Analysis of key takeaways
- Sales Rank: #79776 in Audible
- Published on: 2015-12-03
- Format: Unabridged
- Original language: English
- Running time: 25 minutes
Most helpful customer reviews
4 of 4 people found the following review helpful.
~~ Giving your customers the best ~~
By Richard and Liz
Charles Koch is the CEO of Koch Industries, Inc. Personally he was listed as the ninth richest person in the world in 2014. In this Instaread summary (think DETAILED review) the reader is presented with 9 Key Takeaways from the original book. Here are two to whet your appetite:
>> #2 - "Corporate welfare in the form of handouts and tax subsidies obscures the free market and is negative for the economy."
>> #7 - "In order for a company to succeed, employees must feel as though they are responsible for their work and have agency. This improves accountability and results."
How can adversity be a blessing and failure build character? Can we learn from what happened to Solyndra? What does MBM stand for? How many of us know that talent doesn't always equate to having good values? Be careful who you employ, ensuring that they have the same values that your company has. "Koch Industries complicated and thoughtful hiring process is extremely important to the company's growth." Their hiring system "does not value big-city educations or long resumes over the right value system".
Instaread describes this book as being a mixed hat with discourse, biographies and principles of MBM all thrown in together. Good Profit builds on the author's first book, The Science of Success. Some subjects are described as being "glossed over". With the original book at 288 pages, this Instaread summary is a great option for those who want/need to know what the original book is all about and get the major points. Please note that my review is based on the quality of this Instaread review and NOT the contents of the original. Book provided in exchange for an honest review. Thanks, Liz
2 of 2 people found the following review helpful.
Good bare-bones quick summary of the original book by Charles ...
By C. Simms
Good bare-bones quick summary of the original book by Charles Koch. If you want to get some insight into the mind of "The Evil Koch Brothers", I would suggest reading the original book and then forming your own opinion instead of what Huff Post and others try to feed you. If you are reading this strictly for some insights as to how to run a business...well...Charles and David Koch are worth about 80 BILLION betwen the two of them...I don't know..do YOU think they have anything to teach you?
2 of 2 people found the following review helpful.
Purchased as a gift for business school friend. Apparently ...
By profsnow
Purchased as a gift for business school friend. Apparently the original book is legendary but the product listed is a summary (albeit a succinct one according to my friend), and not the full version. Rather thin.
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