Circles of partnership, not lines of division
Circles of partnership, not lines of division by Emily Chamlee-Wright Print this article I remember the first time I met Charles Koch. It was in the late 1980s. I was a graduate student at George Mason University. We were told that Mr. Koch, a Wichita businessman, had pioneered a philosophy of organizational management he called “Market Based Management.” MBM applied the principles of market coordination to decision-making inside the firm. For a group of young economists, the kind who committed long passages of Smith, Mises, and Hayek to memory, this was going to ...
Source: washingtonexaminer.com