market-based management

"It builds up, like compound interest."

“Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”

— Warren Buffett

“I read a lot of things I don’t agree with. I need to understand their point of view.”

— Charles Koch

It was during my internship at Koch Industries where my recent love for reading was discovered. I witnessed for the first time a company culture built off basic economic principles that encourages a free society. Koch Industries identifies this guiding framework as Market-Based Management (MBM). After weeks of continuous self-study on MBM, I became highly impressed with such a framework and needed to know of its initial development.

I later learned that Charles Koch developed a hobby for reading in high school and eventually used this hobby to learn and apply principles in his professional environment. The numerous concepts Charles would read, learn, and apply became overwhelming for employees to follow and so it was then the MBM framework was created.

I became inspired to not only learn and apply these principles/concepts of Market-Based Management, but to also read the books that inspired those (there is now an internal dedicated team for MBM at Koch Industries) who contribute in its development. This is precisely when (May 2018) I started to read consistently and thoroughly with all intentions to create value to whom I interact with throughout my life. Good profit.