The Science of Success: How Market Based Management Built the World's Largest Private Company

The Science of Success: How Market-Based Management Built the World's Largest Private Company is a book written by Charles Koch in which he delineates his philosophy of Market Based Management (MBM). It is the first book by Koch, the CEO of Koch Industries, Inc., which by 2006, was listed as the largest privately held company in the United States in terms of revenue, having experienced a 2,000-fold growth since 1967. While many similarly-titled books by other authors exist, T. Boone Pickens argues that Koch's immense personal business success lends credibility to the book's concept. Koch has said that he initially wrote the book after the 2004 acquisition of Invista with the intent of using it as a sort of training manual to give a...