Sunday, October 11, 2015
Market Based Management
I do agree that organizations improve when they help others improve their lives. His view on risk and return is a notion that does make sense in how finance is built around risk and return. The fact that Charles Koch maintains a very large fortune shows that he was able to generate generous returns without having the risk swallow up his assets. Koch Industries having tremendous growth because of experimenting within the limits of being able to afford to lose. I believe this is a very valuable insight into how to generate returns by limiting spending on failed experiments because this is something the government has trouble following because the money the government loses comes from the taxpayer rather than having some success. The taxpayer must pay regardless of anything else, so there is no incentive to kill failed projects, so I agree a whole lot about this with Charles Koch. I also agree that education in this country is not very effective in actually teaching students.