---
product_id: 90748969
title: "Summary of Good Profit: by Charles G. Koch Includes Analysis Paperback – April 15, 2016"
brand: "instaread summaries"
price: "€ 1.39"
currency: EUR
in_stock: false
reviews_count: 7
url: https://www.desertcart.sk/products/90748969-summary-of-good-profit-by-charles-g-koch-includes-analysis
store_origin: SK
region: Slovakia
---

# Summary of Good Profit: by Charles G. Koch Includes Analysis Paperback – April 15, 2016

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## Customer Reviews

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    Distills a complex business book down to its essence.
  

*by I***R on Reviewed in the United States on November 23, 2015*

This is an analysis of Charles Koch's book Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies, an expansion of his 2007 work The Science of Success: How Market-Based Management Built the World's Largest Private Company.  It looks at Market-Based Management (MBM), how and why it works and how to employ it.One of the basic ideas behind the system is that good business choices benefit the long term well being of the company, benefit the customer, and benefit society as a whole.  MBM focuses on the entire picture, the company, the customers, the employees, and the surrounding society.  If decisions are made for the good of all these concerns, the company wins, the customers win, everyone wins.  MBM is concerned not merely with profit, but also with value.The key takeaways are:1- Adversity drives success.  This guide points out that the idea that failure is how people learn to succeed is a particularly American phenomenon, and I will point out that is the exact argument made in Super Mario by Jeff Ryan.  When the game Sonar failed for Nintendo of America, they could have gone the traditional Japanese route of bowing out gracefully, but instead they took the American approach of turning failure to success.  The cabinets were re-purposed for a new game -- Donkey Kong.2- Corporate welfare obscures the free market to bad effect.  This resonates with the point Robert Reich raises in Saving Capitalism.3- Good profit arises when all interested parties win.  This is very like Covey's "Think Win-Win" from The Seven Habits of Highly Effective People.4- A companies vision and mission statement is the cornerstone of good management.  Again, this has echoes of Covey.  For Koch, this vision is making a better product more efficiently and improving the world along the way.5- Hire for values, not skills.  Skills can be taught.  The skills called for change over time due to advances in technology and corporate change.  Values are constant, largely immutable, and values aligned with corporate vision lead to the best wins all around, for employee and for company.  Koch is all about generating wins.6- Strong communication makes strong companies.  When employees feel free to share ideas and concerns, it can only strengthen the company.  It provides management with eyes on the ground with the customer base and how the products are performing and being perceived in the field.7- An employee needs to feel they have ownership of their part of the business, that they can make a real change and help drive improvement and growth.8- Short and long term incentives, where employees have unlimited growth potential, fosters initiative and excellence.9- The MBM system must be adopted in its entirety.This guide does an excellent job of distilling the principles of the original down to its essence, though of course there is too much in the original to cover it all in depth.  It will let you see if this is something you would want to pursue further. This guide further analyses the original in terms or readability, strengths, and failures.I received a copy in exchange for an honest review.

### ⭐⭐⭐⭐ 4.0 out of 5 stars







  
  
    Great way to get the important points without spending the ...
  

*by G***S on Reviewed in the United States on February 5, 2016*

This is a readers digest summary of the book.  Great way to get the important points without spending the time to read the whole thing.

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    ~~ Giving your customers the best ~~
  

*by R***Z on Reviewed in the United States on November 23, 2015*

Charles Koch is the CEO of Koch Industries, Inc. Personally he was listed as the ninth richest person in the world in 2014. In this Instaread summary (think DETAILED review) the reader is presented with 9 Key Takeaways from the original book. Here are two to whet your appetite:>> #2 - "Corporate welfare in the form of handouts and tax subsidies obscures the free market and is negative for the economy.">> #7 - "In order for a company to succeed, employees must feel as though they are responsible for their work and have agency. This improves accountability and results."How can adversity be a blessing and failure build character? Can we learn from what happened to Solyndra? What does MBM stand for? How many of us know that talent doesn't always equate to having good values? Be careful who you employ, ensuring that they have the same values that your company has. "Koch Industries complicated and thoughtful hiring process is extremely important to the company's growth." Their hiring system "does not value big-city educations or long resumes over the right value system".Instaread describes this book as being a mixed hat with discourse, biographies and principles of MBM all thrown in together. Good Profit builds on the author's first book, The Science of Success. Some subjects are described as being "glossed over". With the original book at 288 pages, this Instaread summary is a great option for those who want/need to know what the original book is all about and get the major points. Please note that my review is based on the quality of this Instaread review and NOT the contents of the original. Book provided in exchange for an honest review. Thanks, Liz

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*Last updated: 2026-03-11*