Market-Based Management

To succeed in today’s world of rapid change, we must have a heightened sense of urgency and the commitment to continually transform our performance. Our approach, Market-Based Management^®, encourages and equips individuals to practice lifelong learning, drive innovation, embrace transformation and achieve self-actualization – all contributing to a healthy, growing organization. 

Market-Based Management is the business philosophy and framework developed by Charles Koch that we apply to innovate, improve and transform ourselves in order to create greater value. Our MBM^® Guiding Principles define who we are as an organization. We live by them daily, as they are essential to the creation of virtuous cycles of mutual benefit.

1. INTEGRITY
   Have the courage to always act with integrity.
   
   
2. STEWARDSHIP & COMPLIANCE
   Act with proper regard for the rights of others. Put safety first. Drive environmental excellence and comply with all laws and regulations. Stop, think and ask.
   
   
3. PRINCIPLED ENTREPRENEURSHIP™
   Practice a philosophy of mutual benefit. Create superior value for the company by doing so for our customers and society. Help make Koch the preferred partner of customers, employees, suppliers, communities and other important constituencies.
   
   
4. TRANSFORMATION
   Transform yourself and the company. Seek, develop and utilize the visions, strategies, methods and products that will enable us to create the greatest value.
   
   
5. KNOWLEDGE
   Acquire the best knowledge from any and all sources that will enable you to improve your performance. Share your knowledge proactively. Provide and solicit challenge consistently and respectfully.
   
   
6. HUMILITY
   Be humble, intellectually honest and deal with reality constructively. Develop an accurate sense of self-worth based on your strengths, limitations and contributions. Hold yourself and others accountable to these standards.
   
   
7. RESPECT
   Treat everyone with honesty, dignity, respect and sensitivity. Embrace different perspectives, experiences, aptitudes, knowledge and skills in order to leverage the power of diversity.
   
   
8. SELF-ACTUALIZATION
   Be a lifelong learner and realize your potential, which is essential for fulfillment. As you become increasingly self-actualized you will better deal with reality, face the unknown, creatively solve problems and help others succeed.