Market Based Management® is the unique management methodology developed and implemented
by Koch Industries, Inc. It is a business philosophy that is rooted in the science of human action
and applied through five dimensions: Vision, Virtues and Talents, Knowledge Processes, Decision Rights and Incentives. Koch Industries’ MBM Guiding Principles articulate our Rules of Just
Conduct and define the core values which guide our everyday business activities.
Conduct all affairs with integrity, for which courage is the foundation.
Strive for 10,000% compliance with all laws and regulations, which requires 100% of employees fully complying 100% of the time. Stop, think and ask.
Create long-term value by the economic means for customers, the company and society. Apply MBM to achieve superior results by making better decisions, pursuing safety and environmental excellence, eliminating waste, optimizing and innovating.
Apply the judgment, responsibility, initiative, economic and critical thinking skills, and sense of urgency necessary to generate the greatest contribution, consistent with the company's risk philosophy.
Understand and develop relationships with customers to profitably anticipate and satisfy their needs.
Seek and use the best knowledge and proactively share your knowledge while embracing a challenge process. Develop measures that lead to profitable action.
Anticipate and embrace change. Envision what could be, challenge the status quo, and drive creative destruction through experimental discovery.
Exemplify humility and intellectual honesty. Constantly seek to understand and constructively deal with reality to create value and achieve personal improvement. Hold yourself and others accountable.
Treat others with honesty, dignity, respect and sensitivity. Appreciate the value of diversity. Encourage and practice teamwork.
Find fulfillment and meaning in your work by fully developing your capabilities to produce results that create the greatest value.
MBM® and the stylized “K” are registered trademarks of Koch Industries, Inc.