5 Excerpts From Charles Koch’s New Book “Good Profit”
Charles Koch, one of the leading political influencers in the country, is releasing his new book this week titled, Good Profit: How Creating Value for Others Built one of the World’s Most Successful Companies. CBC has acquired five not-yet-seen excerpts from the book!
In Good Profit, Charles Koch recounts how he managed this feat, utilizing his famous Market-Based Management system to create the business empire he has now. Good profit is when long-term value is created for customers, employees, shareholders, and society, benefiting everyone. It is a must-read for any leader, entrepreneur, or student, as well as anyone who wants a more civil, fair, and prosperous society.
Five excerpts from Good Profit were given exclusively to CBC as a preview look at Mr. Koch’s new book!
- “My motivation to work hard has always been my need to lead a life of meaning—a fulfilling life. Making good profit—earned by economic means instead of political ones—is a measure that tells me people value my contribution.”
- “The role of business in society is to help people improve their lives by providing products and services they value more highly than their alternatives, and to do so while consuming fewer resources.”
- “Too often, Washington chooses winners and losers in the economy. This is corporate welfare, and it’s the opposite of freedom and good profit.”
- “Corporate welfare relieves recipients of the constructive pressure to innovate and create value for society, hinders the unsubsidized competition by coercion, and limits the choices available to consumers.”
- “The greatest gift we can receive or pass on is the opportunity to find and pursue our passion, and in doing so, to make a difference by helping others improve their lives.”