Market-Based Management®

Market-Based Management® is the engine that powers Koch Industries, Inc. Developed by CEO Charles Koch, MBM® is a holistic approach that encompasses five dimensions:

Vision – Determining where and how the organization can create the greatest value.

Virtue and Talents – Helping ensure that people with the right values, skills and capabilities are hired, retained and developed.

Knowledge Processes – Creating, acquiring, sharing and applying relevant knowledge, and measuring and tracking profitability.

Decision Rights – Ensuring the right people are in the right roles with the right authority to make decisions and holding them accountable.

Incentives – Rewarding people according to the value they create for the organization.