Content

Interesting Business Philosophies: Market-Based Management ®*

The main lesson from twentieth century economic history is that central planning fails, however many corporations continue to choose hierarchies over markets. “Market-Based Management” ® is a management philosophy that applies the principles of free societies to organisations. Not only does it offer a toolkit of strategies that can be implemented to improve corporate performance, but it also provides a coherent framework to interpret the increasingly popular movement towards flatter organisations, decentralised decision-making, and internal markets.

Content

Objectives

The course uses Koch Industries as a lens to view the operation of MBM in practice, but also provides a broader view on how the principles of a free society can be used for competitive advantage.

Key points

- Value creation and the importance of management

- The use of internal markets

- How prediction markets work

- The dimensions of market institutions

Learning outcomes

Participants will receive a thorough understanding of how companies can utilise internal markets, and consider market type institutions within an easy to understand framework.

Pedagogical approach

Classroom activities will be case-based, with an applied reading that will be analysed and discussed.

Who should attend?

Managers that possess a company wide mind-set, being willing and able to initiate organisational change.

For further information, please contact:

Executive Education Department
+4420 7443 8800

* “Market-Based Management” and “MBM” are registered trademarks of Koch Industries.

Executive Advanced Master Classes

Interesting Business Philosophies: Market-Based Management ®*

Content

Objectives

Key points

Learning outcomes

Pedagogical approach

Who should attend?

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