MBM™

INVISTA's Market-Based Management™ (MBM™) business philosophy is a value system and a framework for action developed by Charles Koch, chairman of the board and chief executive officer of Koch Industries, Inc. and a member of the Board of Managing Directors of INVISTA.

The essence of the MBM philosophy is creating real, sustainable value for customers and society as a whole. It encourages innovations that create value by making people's lives better and contributing to prosperity in society. Rooted in guiding principles such as integrity, humility and respect, the MBM philosophy enables employees to constantly search for opportunities to improve and grow.

INVISTA's MBM™ Guiding Principles

  1. Integrity
    Conduct all affairs with integrity, for which courage is the foundation.
  2. Compliance
    Strive for 10,000% compliance with all laws and regulations, which requires 100% of employees fully complying 100% of the time. Stop, think and ask.
  3. Value Creation
    Create long-term value by the economic means for customers, the company and society. Apply MBM to achieve superior results by making better decisions, pursuing safety and environmental excellence, eliminating waste, optimizing and innovating.
  4. Principled Entrepreneurship™
    Apply the judgment, responsibility, initiative, economic and critical thinking skills, and sense of urgency necessary to generate the greatest contribution, consistent with the company’s risk philosophy.
  5. Customer Focus
    Understand and develop relationships with customers to profitably anticipate and satisfy their needs.
  6. Knowledge
    Seek and use the best knowledge and proactively share your knowledge while embracing a challenge process. Develop measures that lead to profitable action.
  7. Change
    Anticipate and embrace change. Envision what could be, challenge the status quo and drive creative destruction through experimental discovery.
  8. Humility
    Exemplify humility and intellectual honesty. Constantly seek to understand and constructively deal with reality to create value and achieve personal improvement. Hold yourself and others accountable.
  9. Respect
    Treat others with honesty, dignity, respect and sensitivity. Appreciate the value of diversity. Encourage and practice teamwork.
  10. Fulfillment
    Find fulfillment and meaning in your work by fully developing your capabilities to produce results that create the greatest value.

 

These principles help strengthen and position INVISTA’s businesses to create superior value for customers around the world.

Charles Koch has published a book on the Market-Based Management business philosophy called The Science of Success. To learn more about the MBM philosophy and this book, please visit the Web site at www.kochscienceofsuccess.com.