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#381: Charles Koch — CEO of Koch Industries

The Tim Ferriss Show

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The Role of Property Rights and Decision Rights in Market Base Management

Property rights and decision rights are key dimensions of market-based management. Other important values include integrity, humility, respect, and a desire to contribute. According to the von Misses human action model, people only act when they are dissatisfied with their current state, have a vision of a better state, and have a path to achieve it.

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