Continually Transforming Koch Industries Through Virtuous Cycles of Mutual Benefit

by Charles G. Koch

In his newest work, CEO Charles Koch explains how we can better ourselves by bettering others – at work, at home and in our communities. Along the way, he offers a candid look at how virtuous cycles of mutual benefit have been integral to the global growth and transformation of Koch Industries

Genres: Business

89 pages, Hardcover

Published January 1, 2020

About the author

Charles de Ganahl Koch (M.S., Chemical Engineering, Massachusetts Institute of Technology, 1960; M.S., Nuclear Engineering, MIT, 1958; B.S., General Engineering, MIT, 1957) has been CEO of Koch Industries since 1967, and is a major philanthropic supporter of libertarianism. With Ed Crane and Murray Rothbard, he co-founded the Cato Institute.

Reviews

[Sharon · Rating 4 out of 5]

The Koch brothers have been decried as evil, unhuman, monstrous, for the sin of disagreeing with the religion of climate change and government handouts. They should instead be applauded for their dedication to humanity. Their twist on business is simple: make sure every decision is mutually beneficial and weed out or avoid those whose motivations are purely selfish or punishing. This is called "virtuous cycles of mutual benefit" within their Market-Based Management framework. For their employees, this means looking and being aware of their "virtuous cycle" and working toward that. They believe in creative destruction, that is coming up with better and more efficient solutions to better humanity from every level of their empire.

Few of their critics know the extent of good that the Koch philosophy has brought to this world. This is beyond that hundred-thousand plus that they employ (thousands upon thousands of families currently benefit from a respectful and rewarding work environment). Their charitable mission has far-reaching and incredible outreach to help give a hand-up instead of a hand-out. From education, drug addiction and recovery, fostering caring communities, and job training, they have focused on a bottom-up approach to creating a better world.