Embrace change. Envision what could be, challenge the status quo, and drive creative destruction.— Charles Koch
The most controversy Charles Koch quotes that will be huge advantage for your personal development
I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.
Successful companies create value by providing products or services their customers value more highly than available alternatives. They do this while consuming fewer resources, leaving more resources available to satisfy other needs in society. Value creation involves making people's lives better. It is contributing to prosperity in society.
Hubris, arrogance, is just one step ahead of loss of integrity, because if you think you're better than other people, you know more, then you're going to think, as many leaders have, that the rules don't apply to them - so they lose their integrity.
To do meaningful work is to contribute - to create value in society.
To be happy you have to fulfill your nature.
That's what Aristotle taught so many centuries ago, that the road to happiness isn't to go drink more or consume more. The road to happiness is to fully develop your abilities, and then apply them to do good.
Best part of my job is fulfillment. When I see that, that we're creating value, that we're helping improve people's lives, and we benefit from it, so it's a system of mutual benefit. Our philosophy's working. That's what turns me on. That's what keeps me going.
Do you want to have your feelings hurt a little bit because you have some negative feedback, or do you want to continue down the disastrous track you're on and have a huge disaster? Talk about a bruised ego. It may ruin your career.
I try to hire people who will challenge and have the humility to be challenged - people who have basically good values.
But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
A lot of the Republican rhetoric better than the Democrats'.
But when they're in office, it's pretty much the same thing. It's serving their supporters, it's corporate welfare, it's cronyism which is so destructive, particularly to the disadvantaged.
There are now businesses and entire industries that exist solely as a result of federal patronage. Profiting from government instead of earning profits in the economy, such businesses can continue to succeed even if they are squandering resources and making products that people wouldn't ordinarily buy.
We strive to hire and retain only those who embrace our MBM® Guiding Principles, which encompass integrity, compliance, value creation, Principled Entrepreneurship, customer focus, knowledge, change, humility, respect and fulfillment.
To end cronyism we must end government's ability to dole out favors and rig the market.
Most power is power to coerce somebody. We don't have the power to coerce anybody.
We are on dangerous terrain when government picks winners and losers in the economy by subsidizing favored products and industries.
The easy way to make money is to get special political privilege.
From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
My father wanted to instill the work ethic.
And, because he knew if you don't learn to work to be more productive to improve your efficiency, to cooperate with other people at an early age, you may never learn those habits.
Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out.
I don't have all the answers. I have a lot of questions. And I have some basic principles.
Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
I think our biggest problem in society is we're headed more and more toward a two-tiered society. That is, creating welfare for the wealthy and destroying opportunities for the disadvantaged.
I've been blessed by learning certain principles and values that transformed my life and enabled me to accomplish more than I really had the ability to do or ever dream possible. And so I decided that I wanted to give as many other people as possible the opportunity to learn these ideas and transform their lives as I had.
The government is largely influenced by people who advocate corporate welfare and advocate these policies that create this two-tiered society...
To make a quick buck, but over time, if you're not creating value for others, customers, society, isn't going to let you be around.
The trajectory of this country [USA] is not positive and particularly for the disadvantaged, as we see what's happening. The gains in productivity have dropped, the gains in income for the middle class and the least advantaged have slowed, at best.
Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers. This growing partnership between business and government is a destructive force, undermining not just our economy and our political system, but the very foundations of culture.
No centralized government, no matter how big, how smart or how powerful, can effectively and efficiently control much of society in a beneficial way. On the contrary, big governments are inherently inefficient and harmful.
If what you preach and what you do are inconsistent, your children will spot hypocrisy faster than anybody and do the opposite.
I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.
You can pay certain people more money and stuff but that's just going to be a transfer from one group to another. The only way people's wages are going to rise overall, or average median income is going to rise, is if you increase productivity.
For business to survive over a long period, it needs to be contributing to society and people's well-being. Otherwise, who's going to want it? Otherwise you end up like Enron or some of these other companies.
A university shouldn't be a place of comfort.
It should be a place of discomfort because you want to disabuse these kids of whatever prejudices or preconceptions they have when they come. You're trying to get them to think and develop, not be a Johnny-one-note.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
My parents worked really hard at communicating other values they felt were important, such as integrity, courage, humility, treating others with dignity and respect, and having a thirst for knowledge.
Both my parents were a tremendous influence on me.
My father's influence came from - he decided well, probably before we were born that as he put it, 'I'm not going to have any kids who are country club bums.'
If you're a leader at any level and your people aren't challenging you, you've got to change that or you can't be a leader here because you're not going to be using ideas, you're not going to have innovation, you're not going to fully develop your people. And if you're working in a group and you don't challenge, then you're not really doing your job.
We must measure what leads to results, not simply what is easy to measure.
Economy is so riddled with corporate welfare and anti-competitive regulations, anti-innovation regulations. Regulations that are destroying opportunities for the disadvantaged, which is creating this two-tiered system we're headed for which has which is destroying opportunities for the disadvantaged and creating welfare for the wealthy.
Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.
What hermeneutics teaches is that progress comes from being exposed to different points of views because there's no point of view that is right for all situations and all times. And even if it's superior to the others, you can enrich it by drawing on others or thinking: "Why is that wrong and how do I improve my approach? How do I come up with a better approach?" So that's essential for innovation just like it is in technology.
A market system is not a profit system, it's a profit-and-loss system.
If somebody is doing more and more to make other people's lives better, have them make all they can, if that's what drives them, because that's what we want.
I have been a libertarian in my past but now I consider myself a classical liberal.
We try to evaluate how much value an employee is creating here and reward them accordingly.
If you've got a dirty job, the best way is to help each other and then you'll create this culture of mutual benefit. And then you've got to understand who your customer is and create value for them and so on.
I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.
The role of business is to provide products and services that make peoples lives better - while using fewer resources - and to act lawfully and with integrity.
I learned that unless you start working, if you're frozen out of work, you will never learn the habits, the discipline, the values of cooperation and improvement unless you get a job, and that's what statistic show. It's, unless you get a job and keep it, you will not get out of poverty. If you do, you have a very good chance of working out of poverty.
In general, an asset should be sold when it has greater value to a buyer.
This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.