Benchmarking
- Short Description
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Closing gaps is more than benchmarking against others, but benchmarking can be useful. Learn more through “Closing Gaps.”
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/closing-gaps
Closing Gaps
- Short Description
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We seek to close the gap between what we are doing, however good, and what we could be doing if we were fully applying our principle-based framework.
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/closing-gaps
Economic Thinking
- Short Description
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Economics is the study of choice in using scarce resources that have alternative uses…
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/economic-thinking
Experimental discovery
- Short Description
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Coming soon
- Principle in Brief Page
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Experimentation and Experimental Discovery
- Short Description
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To drive creative destruction, we encourage numerous well-designed experiments to determine which new businesses, products, services, processes, methods or type of organization will be successful…
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/experimentation-and-experimental-discovery
Innovation
- Short Description
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Coming soon
- Principle in Brief Page
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Marginal Analysis
- Short Description
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What is the profitability of additional units of production, of one more or less plant, or of a larger versus a more modest investment? Marginal analysis looks at the benefits and costs associated with a specific change.
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/marginal-analysis
Measures
- Short Description
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It is essential for us to have measures that help us understand reality and properly focus our efforts…
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/measures
Openness
- Short Description
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An open society encourages honest exchanges of knowledge, opinions and ideas...
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/openness
Personal Knowledge
- Short Description
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We only truly know something when we can apply it to get results …
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/personal-knowledge
Personal knowledge vs. conceptual knowledge
- Short Description
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Coming soon
- Principle in Brief Page
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Republic of Science
- Short Description
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The republic of science principle describes the way the scientific community ideally organizes itself so knowledge is generated and shared freely, leading to beneficial innovations.
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/republic-of-science
Risk
- Short Description
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As employees, we are expected to apply Koch’s risk philosophy, not our own…
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/risk
Risk management
- Short Description
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Coming soon
- Principle in Brief Page
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Scientific Method and Challenge
- Short Description
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After developing a theory, strive to disprove or find flaws in it, rather than trying to defend or justify it.
- Principle in Brief Page
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/content/koch/language-masters/en/principles-in-brief/scientific-method-and-challenge