Koch companies' Market-Based Management® philosophy requires everyone in the company to abide by Guiding Principles that include integrity, compliance, value creation, Principled Entrepreneurship™, customer focus, knowledge, change, humility, respect and fulfillment. These attributes set the standards for evaluating policies, practices and conduct, establishing norms of behavior and building shared values that guide individual actions.
Fred C. Koch’s strong work ethic and commitment to integrity formed the basis for Koch Industries’ future success. CEO Charles Koch shares how his father helped shape his approach to management: