Koch Minerals

"This strategy traced back to Koch Industries’ earliest days, but with the new business development board in place, it reached the level of a fine art. Koch’s newly designed companies, like Koch Minerals, each had their own mini development teams that became like searchlights, trained on the various industries in which they operated. Whatever they saw and learned was transmitted to the central development board, which synthesized the information with knowledge that was flowing in from Koch’s other companies. The development board also undertook studies of its own, looking for new opportunities beyond the existing Koch universe. The development board ran blue-sky studies in which it teased out economic trends going out ten to twenty years, considering how Koch could make bets that would yield big returns in the future. When the development board saw a deal it liked, it moved with stunning speed."

"This strategy traced back to Koch Industries’ earliest days, but with the new business development board in place, it reached the level of a fine art. Koch’s newly designed companies, like Koch Minerals, each had their own mini development teams that became like searchlights, trained on the various industries in which they operated. Whatever they saw and learned was transmitted to the central development board, which synthesized the information with knowledge that was flowing in from Koch’s other companies. The development board also undertook studies of its own, looking for new opportunities beyond the existing Koch universe. The development board ran blue-sky studies in which it teased out economic trends going out ten to twenty years, considering how Koch could make bets that would yield big returns in the future. When the development board saw a deal it liked, it moved with stunning speed."