Comments on: Managing the machine http://managingleadership.com/blog/2007/10/22/managing-the-mechanism/ The strategic role of the senior executive Sat, 28 Jan 2012 01:35:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim Stroup http://managingleadership.com/blog/2007/10/22/managing-the-mechanism/comment-page-1/#comment-1543 Jim Stroup Wed, 24 Oct 2007 09:20:54 +0000 http://managingleadership.com/blog/2007/10/22/managing-the-mechanism/#comment-1543 Wally - thank you for another insightful and informative observation. I am aware of Koch Industries and of Charles Koch, but I haven't read his book - looks like you've put another item on my reading list. As for "market driven" and "market based" - while their current uses are understood, I think managers should learn how to develop markets within their organizations for their staff's contributions, to help discipline everyone actions without overly directing them. Wally – thank you for another insightful and informative observation. I am aware of Koch Industries and of Charles Koch, but I haven’t read his book – looks like you’ve put another item on my reading list.

As for “market driven” and “market based” – while their current uses are understood, I think managers should learn how to develop markets within their organizations for their staff’s contributions, to help discipline everyone actions without overly directing them.

]]> By: Wally Bock http://managingleadership.com/blog/2007/10/22/managing-the-mechanism/comment-page-1/#comment-1501 Wally Bock Mon, 22 Oct 2007 21:48:55 +0000 http://managingleadership.com/blog/2007/10/22/managing-the-mechanism/#comment-1501 One person who has used the work of Hayek, among others, to develop a systematic way of thinking about how a company should work is Charles Koch, of Koch Industries. Koch is the largest privately held company in the US, owner of brands like Georgia Pacific, Dixie Cups, Stainmaster Carpet, and Lycra. Koch's book, The Science of Success draws heavily on Hayek and other Austrian School economists and tries to create a coherent system for a company. It's fascinating reading. Koch calls his system "Market-Based Management" but that's something of a misnomer. He's not referring to "market-driven" management. "Market-based" refers to "based on free market principles." One person who has used the work of Hayek, among others, to develop a systematic way of thinking about how a company should work is Charles Koch, of Koch Industries. Koch is the largest privately held company in the US, owner of brands like Georgia Pacific, Dixie Cups, Stainmaster Carpet, and Lycra. Koch’s book, The Science of Success draws heavily on Hayek and other Austrian School economists and tries to create a coherent system for a company. It’s fascinating reading. Koch calls his system “Market-Based Management” but that’s something of a misnomer. He’s not referring to “market-driven” management. “Market-based” refers to “based on free market principles.”

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