Wednesday, November 23, 2005

Free Market Management Style

one fateful day in 1962, Charles, also an MIT engineer, plucked a book from his father's library on the free-market principles of the so-called Austrian school of economics. "The experience changed my life," Koch wrote in a 1998 article for Chief Executive magazine. After Koch took over the company when his father died in the late 1960s, he spent the next three decades knocking down the "command-and-control" tenets of traditional corporate structure and replacing it with more of an "intellectual framework."

You've probably never heard of Charles Koch or Koch Industries. So what do they have to offer?

30,000 employees in 50 countries. Growth of 1,600-fold since 1961. Koch just bought Georgia-Pacific, taking it private. Might be worth paying attention to.

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