Charles Koch management philosophy; Market-Based Management (MBM); Science of Success (book)

Charles trademarked [his management philosophy] under the name Market-Based Management, or MBM, and later distilled into his book The Science of Success. In essence, Charles believed that businesses' corporate culture should replicate the competitiveness of the free market....Charles described MBM as a "holistic system" containing "five dimensions: vision, virtue and talents, knowledge processes, decision rights and incentives." Some company employees privately mocked the cutthroat culture that MBM fostered as "Making the Brothers Money." Forbes, too, lampooned Charles a bit, in its review of his book, describing him as an "autodidact" who had "almost a Marxist faith in 'fixed laws' that 'govern human well-being'" and whose "system for grading employees" was "especially obtuse." (185)