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Similarities Between Gable And Ellig

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Similarities Between Gable And Ellig
In 1993 Doctors Wayne Gable and Jerry Ellig wrote the Introduction to Market Based Management (MBM) based upon the self-titled management philosophy being practiced by Koch Industries. In it the authors discuss the generation and communication of knowledge and attribute the free flow of knowledge as being instrumental to a firm’s success (1993). They openly describe knowledge within a firm as being local, tacit, and untested. Furthermore Gable and Ellig draw comparisons between the command-based economy of the former Soviet Union and that of a free market economy, with the later serving as foundation of the Market Based Management theory. The authors suggest that contemporary political and economic events suggest an answer to how companies
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